Quote:
Originally Posted by ranchlandsselling
I think you mixed up a few sentences.
In a sellers market the actual price used by CREB would be lower than actual, since in a sellers market people may pay MORE than list and as such using list vs. actual sale price would indicate the market was lower than what is actually being sold.
In a buyers market you are correct, with housing perhaps being traded below ask, using the ask would reflect and incorrect average.
That said, I have no idea as to whether CREB using what you've described.
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Nope. Even in a sellers market I think people list above what they think they will actually sell their house for. I am stating that in a sellers market, on average, people get less for their homes then they list.
In a buyers market - they get a lot less.
But, a Realtor can most likely prove me wrong or right very easily.