MLSAssistant Version 8.0


Better Estimate Charts
 

Looking for a responsible way to chart trends on your IDX site? Help buyers and sellers understand the true trendlines in their community with Better Estimates ™ from MLSAssistant.

A Better Estimate range is our measure of the typical variation between sellers' asking prices compared to the actual selling prices in the area. Not an appraisal. Our chart trend lines are derived from the historical FHFA home price index for a properties market area anchored to the sellers current asking price.

Better Estimate, help you understand the typical variation between sellers' asking prices compared to the actual selling prices of real estate in the area. We calculate the list price to selling price ratio, divided by the observed variance within the comparison marketplace. Our β estimate range helps you understand the average negotiated prices. The ranges may be below, straddling, or above listing prices as seller's receive offers below, at, or above asking price. Listings on market or that fail to sell are excluded from the benchmark calculation.

Better Estimate place a high degree of confidence in real estate professionals - local market experts who recommend listing prices to sellers. Listing agents have intimate knowledge of a property's true condition. They understand current market conditions and the importance of setting proper asking prices. Real estate markets are volatile and every listing is distinct. Always consult with a licensed professional with expertise in your marketplace before making decisions. Ask your agent if he or she is a member of the National Association of REALTORS®.