The phrase "average level" refers to the usual or typical amount, quality, or status of something. It represents the middle point or standard measurement of a certain characteristic. Full definition
The lack of elevated average levels of depressive symptoms in some kinds of illness may be based on the fact that many young patients experience few or even no symptoms of their disease. (academic.oup.com)
It just means that the market, taken as a whole, is priced at a level that involves an above average level of risk. (csinvesting.org)
However, conditions remain above long - run average levels for all sectors, and are especially favourable for firms with greater exposure to domestic demand. (rba.gov.au)