So, two agents in our office, spent considerable time building an amazing tool that will help us analyze what homes will sell for in Todays  market.   The tool backbone is built on the Case-Schiller index.   the Case-Schiller is a housing index that is widely recognized by professionals that work in the real estate world.

So Im a gadget guy and I love to play with new tools. so i spent last night (till about 1am) playing with this tool.   What i found was amazing,   one example is a property that I helped a family member purchase three years, they bought for over $350,000. This tool tells me they couldnt sell for more than $280,000.   I find this to be amazingly true, watching homes in this neighborhood sell for way under $300,000. It amazes me to still see homes asking for over $450,000 and on the market for 365+ days.

This is just an example of a neighborhood I watch,I believe you will find this to be true everyone in the chicagoland area. 

Tell me your thoughts, concerns, or disagreements