Do I understand this right? "Average For Sale vs Average Sold"

[Brian Zitzow]

Does this mean that in the market this sample data was taken from that in the month of 12/15 the average home for sale had an asking price of 460k but the average home sold was for 336k (73% of the asking price)?

So at first I thought this meant on average a home sells for ~27% less than asking price. However, after thinking about it more, I realized that it could be high priced homes on the market that are not selling, driving up the average of "For Sale" price, while lower priced homes in the market are selling, driving down the "Sold" price. In which case, I'm not sure if this data is really telling me anything useful.

Do you see anything useful here?