The Median Sale Price represents the midpoint of all property sale prices recorded during the reporting month, meaning half of all properties sold for more and half sold for less. Unlike an average, the median is less influenced by unusually high- or low-priced sales, making it a more reliable indicator of typical market conditions. Tracking the median sale price over time helps residents, businesses, and community leaders better understand trends in the Sanibel and Captiva real estate market. Data Availability: This metric is updated on the 10th of each month to allow time for the previous month’s MLS data to be finalized and verified, ensuring the most accurate and complete reporting.