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ERA Key Realty Services Presents Your Local Real Estate Report CATEGORY September 2013 2012 2013 9,541 10,702 +12.2% Median Price: $$255,000280,000 +9.8% Avg. Time to Sell: 135 Days 107 Days 20.3%
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How to fill out median price:
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Start by gathering the data: In order to fill out the median price, you will need to collect the relevant data. This includes the prices of all the individual items or properties that you want to calculate the median for.
02
Arrange the data in ascending order: Once you have collected the prices, arrange them in ascending order. This will help you easily identify the median value later on.
03
Find the middle value: To calculate the median price, you need to find the middle value from the data set. If you have an odd number of prices, the median will be the middle value. If you have an even number of prices, the median will be the average of the two middle values.
04
Fill out the median price: Once you have determined the median value, you can fill it out in the appropriate field or column. Make sure to use the correct units and format as required.
Who needs median price:
01
Real estate agents: Real estate agents often need to calculate the median price of properties in a particular area as it provides a valuable indicator of the local market.
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Consumers: Consumers may also find median price information helpful when making purchasing decisions, comparing prices, or budgeting for their expenses. It can provide them with a realistic benchmark for what they can expect to pay for certain products or services.
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What is median price?
The median price is the middle point of a list of prices, where half the prices are above the median and half are below.
Who is required to file median price?
Businesses or individuals who are mandated by law to report their prices to a regulatory agency are required to file median prices.
How to fill out median price?
Median prices can be calculated by arranging all the prices in numerical order and selecting the middle value.
What is the purpose of median price?
The purpose of median price is to provide a representation of the typical price in a dataset, which helps in making informed decisions or analyzing market trends.
What information must be reported on median price?
The information required for reporting median prices typically includes the specific goods or services being priced, the date of pricing, and any relevant market factors.
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