I understand that MPAC valuations do not reflect current market conditions, but just curious if anyone here uses the data to at least validate your pricing?

One example would be if per MPAC valuation, the comparable is valued 3% more than the subject property, and that subject property was recently sold (< 3 months), for $x thousand dollars, would you say then that the subject property could probably be valued at $x thousand x 97%?

If I have a listing when there is not a lot of comparable homes I'll refer to the MPAC data to help set a list price. Rarely do I actually include it in the CMA however.

Thanks for your input, seems like not a lot of people refer to it.