Using MLS data to determine your homes value
November 6th, 2008 by admin
A considerable portion of a market analysis is data gathered when comparing your home or property to other homes and properties that are listed in the MLS. However, there are other listing categories to be consider to help prove or substantiate value. These other categories include:
- Expired listings
- Active listings
- Pending listings
Expired listings will provide an indication of where the pricing ceiling may be, active listings are used to determine market position and pending listings will offer a glimpse at future sold data. All of these categories assist the real estate agent in determining a saleable market range for the seller to consider.
If you would like for us to assist you in determining your home’s market range, contact me.