Median Sold Price
This chart shows the "middle" price point of a group of properties that have successfully Sold (i.e., closed escrow) each month, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good visual indicator of the direction market forces are moving prices.
The trend line is a series of measurements over time (e.g. months). A trend line can be a very helpful tool for indicating the overall direction during the time period involved. An upward sloping trend line indicates an increase the Median Sold Price; a downward sloping trend line indicates a decrease in the Median Sold Price; a flat trend line indicates there is very little change in the Median Sold Price.
The percentage columns in the grid below the chart compare the beginning month of the report time period to the ending month. The arrow points up if the change value is positive (shown in green text) and down if the change value is negative (shown in red text).