Term: Selling Price of Houses-Median

Glossary Definition

Last Updated: 2006-11-08

Definition:

The market-selling price of properties that were sold in the open market by a willing seller to a willing buyer. These arms-length transactions include sales that were offered for a reasonable period of time, whether it was through the Multiple Listing Service (MLS), exclusive listing, or by private offering. These sales would also be expected to take place between unrelated people. The median selling price is based on sales.

Related concepts 

• Housing Variable - Winnipeg

Related terms 

• Housing Unit
• Housing Unit - Major Renovation
• Housing Unit - Minor Renovation
• Housing Units - Adequate
• Housing Units - Replacement

References 

• Brownell M, Roos NP, Fransoo R, Guevremont A, MacWilliam L, Derksen S, Dik N, Bogdanovic B, Sirski M. How Do Educational Outcomes Vary With Socioeconomic Status? Key Findings from the Manitoba Child Health Atlas 2004. Winnipeg, MB: Manitoba Centre for Health Policy, 2004. [Report] [Summary] [Additional Materials] (View)