Home Value Code Of Conduct
Unlike the guides for automobiles which are based on analyses of actual car prices, the Blue Book and NADA guides are based primarily on a percentage of the manufacturer’s suggested retail price (M.S.R.P.). These guides may be nowhere near the actual current resale value. Previous reporting from Business Insider’s Hillary Hoffower shows Zillow’s median home values from last August Hoffower reported that the median home listing price in the US was $279,500. Home value averages have fallen since June of last year, when the median home value sale price was about $319,000 (with the list price usually about $324,000).
Together, information about recent sales and asking prices helps determine what a house could be worth. What I really like about this site, however, is that it lists a ton of sales data for recent home sales in your area. Home prices refer to the cost of purchasing a house or …