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Dapto Market Update 2 nd H a l f 2 0 2 3 OVERVIEW In Q3 2023, Dapto* recorded a median house price of $770,000, and a median unit price of $629,000. This represents annual (Q3 2022 Q3 2023) softening
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Collect data on the selling prices of homes in a specific area.
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Calculate the total number of properties sold.
03
Determine the total sum of all the home prices.
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Divide the total sum by the number of properties to get the median home price.

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Median home prices refer to the middle point of home prices in a given area, where half of the homes sold are above this price and half are below.
Typically, real estate agents, brokers, and agencies involved in property transactions are required to report median home prices.
To report median home prices, one usually needs to gather sales data for residential properties, calculate the median value from the dataset, and submit the findings to the relevant authorities or organizations.
The purpose of reporting median home prices is to provide insights into the real estate market dynamics, helping buyers, sellers, and investors make informed decisions.
Reported information typically includes the sale prices of homes, number of sales, location, and dates of transactions.
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