Recent asking prices are useful, but sellers should anchor decisions to what buyers have actually accepted.
If you are setting a price right now, I would not treat the highest active number as your model. In Moreno Valley, CA, the cleaner strategy is to weigh current competition against the most recent closings and let the two work together.
The typical asking price among active homes recently was $578,761, up 0.66% from the prior month. The typical closed price over the previous 30 days was $535,000, and homes closed at 100% of asking on average.
For sellers, that is a reminder to separate ambition from strategy. Active prices tell you where current competition wants to be, but recent closings tell you what buyers have actually accepted. In Moreno Valley, CA, I would use both numbers together and then refine the list price based on the home's condition, age, and direct alternatives.
Review current competition before you settle on a number. Use recent closings to test whether that number is defensible. Make sure the home's condition supports the premium you are trying to claim.
