Turns out it’s pretty informal, inconsistent, and has more to do with market reporting than characterizing individual properties. It’s an old problem in real estate information handling: when you’re describing a single property, you aren’t describing a wider area, trend or factor. It also holds in the reverse: information about markets by its nature depends on summaries, means and averages when being put together; these summaries don’t often work well as ways to differentiate properties.
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