pricing real estate: Home Pricing, What Is The Secret?
- 09/03/08 07:45 AM
Understanding how to price a home is this market is, at best, challenging and difficult. Because real estate is so local, totally local it becomes problematic for buyers, sellers and REALTORS to actually understand their market and translate the constant media attention given to real estate currently. One of the most often cited sources for tracking home prices if the NAR Median Sales Price reporting. These figures are truly a median measure. Each quarter they evaluate 150 metropolitan statistical areas (MSAs) and translate the results into a median home price that is expressed in a dollar figure. While this information, by nature, … (3 comments)
Understanding how to price a home is this market is, at best, challenging and difficult. Because real estate is so local, totally local it becomes problematic for buyers, sellers and REALTORS to actually understand their market and translate the constant media attention given to real estate currently.
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