How often is PBP's market data updated, and where does it come from?

When you are deciding on a price, a number from last spring is not much help. You need to know how fresh a figure is and where it came from before you lean on it.

How often are the numbers updated?

Every day. The PBP Data Desk pulls listing data from our BeachesMLS feed on a daily schedule and rebuilds the market pages, fee indexes and price-cut figures. Every figure shows its as-of date, so you can see exactly which day it describes. If a day's pull fails, the page keeps the last good date rather than guessing.

Where does the market data come from?

• Listings and sales: PBP's direct BeachesMLS data feed, the multiple listing service our agents use, covering the five South Florida counties.
• Mortgage rates: the Mortgage News Daily rate index, published each weekday afternoon.
• Some context pages: public sources such as U.S. Census tables, labeled on the page.

The counts are PBP's own. They can run a few percent below an association's published figures because of timing and definitions.

Why are houses and condos never combined?

They behave like different markets. Combining them makes a median move just because the mix of sales changed. We report single-family houses and condominiums separately, everywhere.

How do you compare sale price with asking price?

Against both the original list price and the final list price, so a home that was cut three times does not look like it sold at asking.

What about the dated editions?

Dated editions are snapshots that keep their original figures and dates; if one is corrected, the correction is disclosed. To cite a current figure, use the live page and its as-of date.

Can I use these figures?

Yes, with attribution to PBP Real Estate and the as-of date. See the PBP Data Desk and how to read our numbers.

Published market figures describe areas, not your home. For your home, ask for a written opinion of value prepared by hand.