I would read the difference carefully because not all available inventory carries the same signal.
If you are trying to decide where to focus your attention, I would compare fresh supply with the homes already sitting on the market. In Southern Highlands, NV, 51 new listings came to market over the previous 30 days with a typical asking price of $750,000, and that number is more useful than the headline count alone.
Over the previous 30 days, 51 new listings came to market in Southern Highlands, NV, and their typical asking price was $750,000. Active listings sat higher at $789,450, while the typical closed price was $747,000.
That tells me the newest homes are entering closer to where deals are actually closing. Older inventory may still be relevant, but it deserves a more critical review because the price spread suggests some homes are missing the market's center.
Prioritize the fresh listings that match recent sale pricing. Review older homes only after you understand why they have not moved. Keep a running comparison sheet so you can spot the listings that are aligned with the current market instead of anchored to an outdated number.
