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Broward County Local Residential Market Metrics 2024 Townhouses and Condos Zip Codes* Closed SalesY/Y % Chg.Closed Sales Paid in CashY/Y % Chg.Median Sale PriceY/Y % Chg.Broward County12,58112.9%6,57615.4%$280,0002.6%$366,7232.8%33004

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How to fill out median sale

01

Gather all sale prices from the relevant time period.

02

Sort the sale prices from lowest to highest.

03

If there is an odd number of prices, the median is the middle price.

04

If there is an even number of prices, the median is the average of the two middle prices.

Who needs median sale?

01

Real estate agents to assess property value trends.

02

Investors to make informed decisions on property purchases.

03

Market analysts to understand market conditions.

04

Homebuyers and sellers to gauge fair pricing.

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What is median sale?

Median sale is a statistical measure that represents the middle value of a dataset when it is organized in ascending or descending order. It indicates that half of the sales are below this value and half are above.

Who is required to file median sale?

Entities or individuals who are involved in the sale of properties, such as real estate agents, property developers, or homeowners, may be required to file median sale reports depending on local regulations and laws.

How to fill out median sale?

To fill out a median sale form, gather the required sales data, organize the sales figures in order, identify the median value, and complete the form with accurate information, ensuring all required fields are filled in correctly.

What is the purpose of median sale?

The purpose of median sale is to provide a clear and unbiased reflection of the typical selling price in a given area, aiding in market analysis, pricing strategies, and economic assessment.

What information must be reported on median sale?

Typically, the information that must be reported includes the sale price, property details, date of sale, and sometimes additional context such as neighborhood data or property type.

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