Researchers found out that it’s possible to get at least a rough draft of prices of quality homes for sale in College Station, TX and elsewhere. Two methods come to mind. First, the Federal Reserve Board (FRB) used the Case-Shiller home price index. Second, a joint effort used tightness of the housing market as a basis.
It pays to know that a home’s real estate listing price may not necessarily be its final price. According to the FRB study, the seller stands little to gain by publishing the property’s sale price, at least right away. It takes several months after the sale before the price of the unit gets published.