Question

Which of the following statements best describes the distribution of home prices in Sarasota, Florida based on the provided information?

a) The majority of houses are priced between $200,000 and $400,000, with only a few exceeding $15 million.
b) The distribution of home prices is uniform across all ranges, from $200,000 to $15 million.
c) Most houses in Sarasota are priced below $200,000, with only a small percentage falling in the $200,000 to $400,000 range.
d) The majority of houses in Sarasota are priced above $15 million, making them the most common in the real estate market.

Answer 1

The majority of houses in Sarasota, Florida are priced between $200,000 and $400,000, with only a few exceeding $15 million.

Step-by-step explanation:

The best description of the distribution of home prices in Sarasota, Florida, based on the provided information is option a) The majority of houses are priced between $200,000 and $400,000, with only a few exceeding $15 million.

According to the given information, the provided data shows the median sales price for a one-family home in the United States, not specifically for Sarasota, Florida. However, it can be inferred that the majority of houses in Sarasota fall within the $200,000 to $400,000 range based on the historical trends shown in the data.

It is important to note that the given data does not provide specific information about the distribution of home prices in Sarasota, and these conclusions are drawn based on the broader national trends.