MLS statistics

[Sadie]

Sometimes the smaller but relevant set of comps and sales from the subject property type and area how a different trend than the general and wide market - and Fannie and Freddie and FAQ state teh appraiser should explain the difference

Its always up to the appraiser to make those kinds of decisions. Like instances where rural properties change at a different rate than non rural, or new vs not new properties. But if your sample size is 1, then you are too granular.

 

[Evincere]

If anyone has Flex MLS ( which seems a system common in many areas )
I can save people pain if interested cause it took hours to find the simplest way to run a statistical chart for trend line market conditions-
1) do a quick search area, property type etc ( as you normally would search) for sales or listings or whatever you want
click view results
go up to the upper left click Menu
scroll down to statistics, click it , and it will give choices of a chart or different options and when it shows it you can refine it by lower part check median price or average or both etc

you can print the chart and save it to pdf and add it to the report or export it to wherever -

Do you have Realist. If so have you looked at their market Trend Chart

 

[J Grant]

Do you have Realist. If so have you looked at their market Trend Chart

No, I have not - I just run it off the MLS stats.

 

[Evincere]

No, I have not - I just run it off the MLS stats.

If you have Realist as part of your MLS - give it a try