Every aspiring homeowner or seller wants to know if now is the best time to buy or sell. While no person or organization can answer that question because it is a consequential, personal decision. With that said, the data can inform this decision and help you before talking to a real estate professional who can offer some additional insights.
There are a few companies that do home price analytics to offer clues about where trends are, and where they are most likely headed. The key to using econometric models is to understand that fresh data is essential to obtain the most accurate information. If conditions adjust, so to should the model. Scrutinize the inputs to ensure you get the most up to date information to help you in your decision making process.
RedFin, Zillow and Realtor have home value analytics, but they all have different values for any given property. So while each site offers a current and future anticipated value, these are just one aspect of what you should consider. Each value (which also has disclaimers) is based on current market conditions, and no model can account for every factor that may or may not to contribute to a home’s future value. Talk to a Real Estate Professional and be prepared to live with YOUR choice — in the end, buying and/or selling is a personal choice.
