The price you see on a property portal is the price at which the owner is offering the property. It does not necessarily show the value at which that property will sell.
There is often a gap between the asking price and the real market price. Some owners leave room for negotiation, others set the price by looking at similar listings, and sometimes their expectations simply run ahead of the market.
That is exactly why comparing only against listings can give a false picture of a property’s value. On the portals we see what is on offer. The real market shows in the deals — what is actually bought, at what price and over what period.
Time matters here too. Too high a price can keep a good property on the market for months. Over time the listing wears out, interest in it fades, and buyers start asking a different question: ‘What’s wrong with it, that it still hasn’t sold?’ At that point even a price correction fails to bring back the initial interest.
So when I set a price, my benchmark is not the most expensive similar listing on the portal. What matters more is real demand, the deals achieved, the current competition and where the specific property stands against it.