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Investing and calculations

How to read a market price median

A median divides an asking-price sample in half, but does not describe every property. Check sample size, geography and snapshot date before using it.

Practical steps

  1. Review property type and the number of listings with valid price and area.
  2. Compare lower and upper quartiles to see dispersion, not only the median.
  3. Look for recent neighborhood examples before making a practical estimate.

A point to check

A single snapshot cannot establish how prices changed over time.

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