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Filter:         12/6/2009 – 6/7/2010
County:       Ada
Type:         Single Family

Return Value: 2,944 listing and IMLS reports average of 90 days on markets.

HOWEVER

Same filter, but change to ACTIVE & Pending

Return value 4,245 listings and IMLS reports average 117 days on market.

So…the sold listings “hide” at least 30% of the days on the market? YES.

I find a general rule in today’s market, always look at the ACTIVE & Pending sales figure to help determine a baseline, and it is typically will not be better.

You can “define” the filters anyway you want …typically the spread in values are always the same.