The MLS® Home Price Index (HPI) is the most advanced and accurate tool to gauge a neighborhood’s home price levels and trends.
In a DIY world, your exclusive access to the MLS® HPI can help you validate your pricing recommendations as part of your comparative market analysis. When combined with your expertise as a real estate professional, you can make better informed pricing decisions. This helps your clients get the right price, regardless of whether they are buying or selling.
Using more than a decade of MLS® System data, the MLS® HPI tracks changes in home prices over time, providing you with the insights you need to:
- validate your pricing recommendations with confidence;
- justify revisions to your pricing recommendations based on changes in the market; and
- get an accurate representation of home price trends in your market.
The HPI is free, as part of your CREA membership. To access the MLS® HPI tool, contact your board or association.
Learn more: https://www.crea.ca/hpi-intro/
