Market overview
The contract settles on the listed range containing the median home value in the US on December 31.
The available value bands are <$403K, $403K - $407K, $407K - $411K, $411K - $415K, $415K - $419K, $419K - $423K, and $423K+.
The exact metric, reference period, source, rounding method, and treatment of range boundaries are documented in the Resolution Rules below.