When it comes to real estate prices, everybody has an opinion. In this post-bubble market of 2007, pundits often cite various market statistics such as housing starts, median home prices, listing counts and average days on market to justify their view of future market direction. It’s often difficult to sort out the importance of these barometers both individually and collectively.

Fortunately, we can now ask Mr. Market, who distills all this information down to a simple contract price.

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