A simple read on what the market is asking and what it is giving back.
In Norman, OK, I pay close attention to the gap between asking price and sold price. My answer is direct last month the typical sold price was $285,000, while the typical active list price was $359,900, so I would keep pricing discipline front and center.
The typical active list price was $359,900 last month. That number matters because it tells me what sellers are aiming for before a buyer ever steps inside the house.
I also look at the 99.9% sold-to-list price figure from last month. That tells me homes that are priced well can still move close to asking, which makes early pricing choices matter more, not less.
My advice is to compare every option to the recent sold level, watch for homes that are priced with realistic intent, and keep your decision process grounded in what the market has already accepted.
