When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
You should use the 6 month average sold price, it is much more realistic.
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
You should use the 6 month average sold price, it is much more realistic.
Mikael / MikMo
Agreed, Mikael. There is value also to knowing both a median value and an average
value. Perhaps if there are any math whizzes out there, you could comment? Perhaps,
it could also be a toggle feature, just as the grams/ounces allows a user to
choose what they prefer?
When listing items for sale, I am relying heavily on the Avg Price feature. However,
there are enough cases where upon digging deeper I find that one or two people
have over-inflated the price (as in $25 instead $2) or deflated the price ($.01
instead of $.40) and this really skews the resulting average price. With a median
price, I could just see where the middle of the pack is in terms of pricing and
it would give sellers of more rare pieces a shot at quickly determining a fair
price right from the embedded price chart on the Inventory pages. I believe this
would help us with the common pieces too!
Thanks for you consideration!
- sfkookoo
You should use the 6 month average sold price, it is much more realistic.
Mikael / MikMo
Agreed, Mikael. There is value also to knowing both a median value and an average
value. Perhaps if there are any math whizzes out there, you could comment? Perhaps,
it could also be a toggle feature, just as the grams/ounces allows a user to
choose what they prefer?
USA, California
Denmark
Canada, Ontario