Listen "From The ValuVault: When Prices Rise but Comps Don’t"
Episode Synopsis
Charlie Johnson explains how appraisers handle rising prices when recent comps haven’t caught up.– When closed sales lag current demand, appraisers apply time (market-conditions) adjustments based on trend analysis – Paired sales (similar homes sold at different dates) help estimate appreciation between contract and closing dates – Pendings/actives can support an upward trend, but carry less weight than closed comps – Reports include extra commentary to reconcile “stale comps” with today’s market—documentation, not guesswork – Agent intel matters: multiple offers, escalation clauses, concessions, and days-on-market help tell the pricing story📌 Appraisers: Support time adjustments with measurable data (paired sales, MLS stats, market addenda) and explain the reconciliation. 📌 Agents/Sellers: Share offer counts, contract dates, concessions, and strong pendings up front—don’t make the appraiser chase it.Fast market ≠ fuzzy math. Share the data and tell the story behind the price.
More episodes of the podcast ValuNation
From The ValuVault: ADUs — What Adds Value
12/09/2025
From The ValuVault: Appraisal Gaps 101
05/09/2025
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