A listing price is what a seller hopes to receive. A transaction price is what a buyer actually paid. The two are rarely the same, and in a slow quarter the gap widens — yet most price trackers quote the former because it is easier to scrape.
The asking-price gap
When demand softens, sellers tend to hold their headline number and negotiate in private. Published listings therefore stay high while real closings drift lower. A buyer reading only listing data sees a market that looks firmer than it is.
What the Propvidhi Index measures
The Propvidhi Index is designed around closed transactions rather than asking prices. Pre-launch figures shown on the site are indicative computed estimates, clearly labelled as such, with a methodology link and a last-updated date on every data page.
How to read a micro-market
- Compare the median price per carpet-area square foot, not super built-up area.
- Look at quarter-on-quarter movement alongside year-on-year.
- Treat any single quarter as a signal, not a verdict.
The goal is not a number that flatters the market. It is a number a buyer can act on with confidence.