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Redfin's new "Home Price Tool"

Redfin's got a trailblazing new feature for prospective or early-stage sellers. They're calling it the Home Price Tool, and it's basically a distillation of the comparative market analysis used by realtors in home pricing. Using regularly-updated pricing data from MLS, the tool walks users through a market analysis to zoom in on an estimated home value tied to recent nearby listings and sales of similar properties. Home-specific user inputs help narrow the price range to something meaningful. Handy or not, don't replace your realtor! [Redfin]