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  • Add You - Why 'Average Sale Price' Statistics are Misleading

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    a — taking into account what other houses sold for and how the home they are listi
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    One of the most common statistics used when gauging the strength of an area's real estate market is the average sale price of its homes, but looking into that figure more deeply reveals just how misleading it can be.

    When listing a home for sale, most realtors establish a price for the home based on market comps of the area — taking into account what other houses sold for and how the home they are listin

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    estate market is the average sale price of its homes, but looking into that figure more deeply reveals just how misleading it can be.

    When listing a home for sale, most realtors establish a price for the home based on market comps of the area — taking into account what other houses sold for and how the home they are listi

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    more deeply reveals just how misleading it can be.

    When listing a home for sale, most realtors establish a price for the home based on market comps of the area — taking into account what other houses sold for and how the home they are listi

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    a — taking into account what other houses sold for and how the home they are listing compares to those. That price is a gross sale price, however, and doesn't reflect what the home owner actually receives from the sale. The difference between the gross sale price and the amount with which the seller actually gets to walk away from closing is affected by a number of factors.

    Most people would be surprised

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