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Why would median list price be different than home value?
Why would median list price be different than home value? I'm finding different numbers for the areas that I'm searching in and I don't understand the difference. What's more accurate?
Asked By Sofia | Miami, FL | 321 views | Terms Definitions | 1 year ago
Answer(1)
Adrian Tridel
Adrian Edwards
The median list price and home value can differ because the list price reflects what sellers hope to get, influenced by their expectations and market optimism, while home value, often determined by appraisals or market analyses, represents a more objective estimate based on comparable sales and market conditions.
- 10 months ago
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