Market Data You get the paper (or read online)…you watch the nightly news (or watch videos). You’ve got a pretty idea of what’s happening in today’s real estate market. For a little more in-depth research, the following tools will let you better understand what’s going on in today’s real estate market. The local Minneapolis Area Association of Realtors (MAAR) does a great job consolidating the data and presenting it in an interesting and easy-to-understand presentation.
THE THING! Interactive Market Analytics. Wondering what the real estate market is like for a certain part of town? Median sales price, days on market, number of pendings and solds, percent sales to list price…this interactive tool will help you better understand the local market and assist you in determining the market value of the home you’re interested in. Note from Bob: “…this tool is awesome, then again…I’m a math major…but it’s so cool you’ll like it regardless of your mathematical persuasion.”
Here are few more market analysis tools, but not cool or easy to use as the THE THING, but more data nonetheless.
Local Market Updates