What is the difference between 'quarterly' medians and 'year to' medians?
Oct 10, 2022, 16:04 PM
Title :What is the difference between 'quarterly' medians and 'year to' medians?
Various media present a variety of median prices. REIWA's publications present both:
Quarterly medians which represent the median sales value for a particular quarter. Publication of this figure is generally restricted to overall markets such as Perth, Mandurah, Greater Bunbury and other regional centres, local government areas or
sub-regional areas within the Perth market such as the Western Suburbs or Rockingham-Kwinana.
Year to or annual medians represent the median of all sales transactions that occurred over a 12 month period. Suburb data is often presented at this level, particularly in the Property Report as there are often insufficient sales or compositional
variations of the property traded within each quarter that make quarterly reporting and the associated percentage changes potentially volatile.