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Updated about 9 years ago,
How important are listing comps?
Hey guys. I have a question about listing comps. I understand that sold comps are the ones to look at when you are comping your subject property but how important is a current listing comp? We have a house were the sold comps for that area is $350k. There is a house currently listed within .25 miles from that house that is selling for $350k and has been on the market for 35 days. It has already dropped in price. Should this be considered as a comp? If so, I've always been told to us sold comps and not listing comps. What are your thoughts?