The MLS home price index (HPI) measures benchmark or typical home prices. The HPI is the most accurate market indicator because it represents the price of the ‘typical house’ in a given area. Each monthÝs sales determine the current price of this ‘typical house’ house. The Average Price and Median Price can be skewed by unusually high or low priced homes. You can mouse over the graph to see the monthly data points. This graph is for Apartments and is updated monthly.