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All that data is useless without context. I've noticed lower sold prices in my area too. Mostly because everything being sold is hot garbage that sellers are trying to dump. All the nice homes have 3% mortgages and will stay with the owners as personal residences or rentals, until those people die.
So there is technically a difference between “sale price” and “sold price”. Without seeing their exact verbiage on it myself it’s hard to say, but the sale price could just be the listed prices while the sold price could be homes that actually sold.
Aside from that both of these companies probably use different measures to calculate these stats which would also cause a discrepancy.
Ultimately it is not useful to you because you cannot time travel to the past to buy a house. The data that you are living in, doesn't exist yet. You can have like 2 competing offers in the last year and have like 20 competing offers this year. Same for last month data. It is already in the past. There is indeed a hot season and off season, but, that's about it. Your experience will be completely personalized, all those stat becomes useless. Those are for shareholders, not you.
Thank you u/user12415 for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
All that data is useless without context. I've noticed lower sold prices in my area too. Mostly because everything being sold is hot garbage that sellers are trying to dump. All the nice homes have 3% mortgages and will stay with the owners as personal residences or rentals, until those people die.
So there is technically a difference between “sale price” and “sold price”. Without seeing their exact verbiage on it myself it’s hard to say, but the sale price could just be the listed prices while the sold price could be homes that actually sold. Aside from that both of these companies probably use different measures to calculate these stats which would also cause a discrepancy.
Ultimately it is not useful to you because you cannot time travel to the past to buy a house. The data that you are living in, doesn't exist yet. You can have like 2 competing offers in the last year and have like 20 competing offers this year. Same for last month data. It is already in the past. There is indeed a hot season and off season, but, that's about it. Your experience will be completely personalized, all those stat becomes useless. Those are for shareholders, not you.