I compare asking and sold levels when I want the truest read.
When I compare the numbers in Miramar, FL, the real question is whether asking prices are lining up with accepted prices. Last month, active listings sat at $515,000 and sold homes closed at $550,000, which gives me a useful spread to think about.
Active listings were at a median of $515,000 last month, while sold homes closed at $550,000. That tells me the market is still paying more for the right homes than the active asking level suggests at first glance.
For a seller, that can be encouraging, but only if the listing is positioned well enough to capture it. For a buyer, it is a reminder that the better homes can still command a stronger result than the broad asking backdrop might suggest.
Compare the active list against the sold level. Watch for homes that justify the gap. Use the spread to sharpen your timing.
