In 2023 yun expects home sales to decline by 7% while the national median home price will decrease by 1%, with some markets experiencing price gains and others price declines. He also projects a strong rebound for housing in 2024, with a 10% jump in home sale and a 5% increase in the national median home price. You will note that the national association of realtors prefers "Median" as their measure of center to report.

Explain why median house prices are being reported rather than other measures of center

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The National Association of Realtors NAR prefers to report the median house price rather than other measures of center such as the mean or average for ... View the full answer