What would be a more reliable source of sales data compared to newspaper articles?

Brokers serve as more reliable sources of sales data compared to newspaper articles for several reasons. They have direct access to Multiple Listing Services (MLS), which provide comprehensive data on property transactions, including sale prices, dates, and other relevant details. Brokers regularly engage in the real estate market, making them well-informed about current trends, fluctuations, and the details of specific sales.

In contrast, newspaper articles often rely on secondary sources for their information and may not provide the most up-to-date or accurate data. This can lead to discrepancies or outdated information that may misrepresent the market. Since brokers are in constant communication with buyers, sellers, and other professionals in the industry, they are positioned to give insights that are not only accurate but also contextualized within the current market conditions.

Furthermore, brokers can often provide additional insights about the properties that may not be captured in a simple article, such as the reasons for sale, negotiation details, and trends in specific neighborhoods, thus offering a more holistic understanding of the real estate market.