The Wall Street Journal has a sharp and short piece on helping home owners determine the market conditions and pricing for their home. Including this excellent piece of advice from a realtor who suggests:

“Looking at recent comparable sales in the neighborhood, and determining what percentage of those homes sold in the first 30 days on the market. If less than 20% sold, you’re likely in a softening market. If 20% to 30% sold, you’re in an equilibrium market. Over 30%, you’re in an appreciating market.”

The article also points to Zillow.com, a fantastic web site to help value your home. Data thirsty home valuers might also like to try the newly re-launched RealestateABC.com in addition to Zillow to help answer the hopefully-more-than-$64,000 question of how much your home might fetch in today’s market.