Intown Atlanta Real Estate Blog

Atlanta real estate Sold prices

What price did that listing end up selling for? Now you can find out on IntownElite.com

Ever wonder what that house down the street sold for? You know what the list (asking) price was when it went under contract, but what was the final sale number? Previously, our local MLSs, who provide the listings on our site, wouldn't allow agents or brokers to display sold listings or their prices. There were some national portal sites which would show sold prices, but they got their data from public records, which were several months behind, and had some issues with accuracy.

That all changed with a recent decision by the National Association of REALTORs®. NAR changed their IDX policy to recommend that MLS's make sold listings and their prices available for agents and brokers to display on their websites. (IDX, or Internet Data eXchange, is the system by which agents and brokers share their listings on each others websites.) Although neither of our local MLSs are governed by the NAR, they both have decided to allow sold listings to be displayed on our websites for properties that have sold within the last 3 years. GAMLS was the first to go forward with this, and their sold listings can already be seen on our site. FMLS followed along later, and those sold listings should be available shortly.

Since our data comes directly from the MLS you can be assured that it will be both timely and accurate. MLS rules require agents update the system within 3 days of closing, so the sale price will be available on our site quickly, sometimes even the day of closing. Also, all of the listing photos remain available, so you can get an idea of the condition of the property. This is yet another reason why our site is superiorto the national portals, which typically...