What exactly is Median Price anyway

Nov 18th, 2011

I’m sure you’ve heard the term on the TV news,

…..and more than likely read it when browsing over the newspaper reports about monthly sales.

So exactly how are they calculated?

Well, good news, because with the help of Bank of NZ’s Chief Economist Tony Alexander, the Real Estate Institute of NZ (REINZ) have decided to help you out by offering an explaination, using Auckland as an example.

Click here to head on over to the REINZ site to bring yourself up to speed on this important statistic.