Why do property an analysts use median house price?
Median house price explained
There are technical reasons why the median provides a more accurate picture of what is happening to the prices of houses rather than the average.
As an example, assume there are 11 houses sold in a month with a price range of $200,000 to $300,000 and an average price of $250,000.
Now replace one of those houses with a house that sold for $1 million. The average is now $318,182, even though 10 of the 11 houses for the month sold for less than this value.
The median would be the price of the middle house sold in the range (in this case the sixth house), which more accurately reflects what the majority of the houses sold for.
REINZ uses medians to provide a more accurate measure of the mid-point of house prices that reflects what most people are going to be buying and selling houses for.
Boxing Day Mega Bed Sale is now on!
Hey neighbors,
Our Boxing Day Mega Sale has officially started and the savings are some of the biggest you’ll see all year. If you’ve been waiting for the right time to upgrade your bed or mattress, this is your chance. The deals have already started moving quickly across our 31 stores.
Boxing Day Highlights:
• Up to 65% OFF selected NZ-made beds
• TEMPUR sets with special Boxing Day pricing
• Sealy Posturepedic mattress-only deals
• Free Delivery
• Free Premium Pillows and Free Size Upgrades on select beds
• Daily Knockout Deals
Customers have already started securing their favourites and several models are moving faster than expected.
Once these Boxing Day offers end, they will not return.
Find your nearest Beds4U store: beds4u.co.nz...
Browse all Boxing Day deals: beds4u.co.nz...
Don’t wait, Neighbours. Stocks won’t last long.
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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72.2% We work hard, we deserve a break!
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16.7% Hmm, maybe?
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11.1% Yes!
Possessions sold as one lot
Morning everyone 😊
I am wanting to sell our mother's possessions as one lot and not individually; ive heard there are people who do this. .
Does anyone know of someone or where I might start?
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