Glossary of Terms
SD stands for sold date, the date a real estate transaction closed or the sale was recorded, depending on the source of the data. It differs from the contract date, which identifies when the buyer and seller agreed to the transaction terms.
The distinction matters because the contract date indicates when the sale price was negotiated, while the sold date indicates when the transaction was completed. In a changing market, appraisers may consider both dates to understand the market conditions surrounding the transaction and determine whether a market conditions adjustment is appropriate.
The sold date also helps establish the recency of a comparable sale. Appraisers generally give greater weight to recent transactions when sufficient data exists, while older sales may still be appropriate when the market has limited transaction volume or the older property provides a strong comparison. The appraiser should explain the relevance of older sales when used.