I would not treat every number the same right now.
When you are scanning listings, the real question is whether the mix gives you room to negotiate or forces you to move quickly. My answer is to pay attention to the spread, because Mercer Island had 53 active homes last month and 24 pending sales.
Last month, Mercer Island had 53 active homes and 24 pending sales, which tells me the market was still giving both sides something to work with. I would not read that as a simple yes or no signal I would read it as a need for discipline.
For a buyer, that means the best opportunities are not the loudest ones. I would focus on homes that line up with the price bands and time on market that already fit the way this market is moving.
Look at the listing mix before you act. Compare active homes against the pending group, then decide whether the property you want is priced for attention or priced for patience. Mercer Island, WA rewards careful selection more than rushed decisions.
