All median pct change from BC of only lower
Median Listings Discount if below WA-BC Value
This graph is an indication of the optimism or pessimism of homeowners first listing
their homes each week. If the number is well below zero and falling it means that
among the homeowners first listing their homes in the week, among the ones willing
to take a discount to the BC value, the discount they are willing to take is
If the graph is rising it shows that even if a homeowner is willing to take a
discount, the discount is getting smaller which indicates home seller optimism or
patience to wait it out until a good offer is made.
WA uses its February
2020 value as the Before Corona Value ("WA BC Value"). WA BC Value is WA's ValPro
value produced for each house as of February 2020. This value is produced by: a.
adjusting a prior sales price of the house, if available, using WA's house specific
price index for the house or the most precise index available in WA's database of 90
million house specific indexes, combined with b. WA's appraisal emulation technology
using comparable sales for the house, and c. other WA proprietary methods. Such
methods are designed to produce values that are unbiased, in which the median
difference between the ValPro value and actual sales prices is zero.