Buzz Mackintosh, “Experience, reliable, leadership” (Mackintosh REALTORS)

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Rainmaker
3,849,308
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't know that I have access to that statistic... but based on what I can see, the median list to sale ratio in much of our area is at 100% or higher. So that would indicate that 50% of homes are selling at least at ask or higher.

Apr 15, 2021 04:13 AM
Rainmaker
817,662
Peter Mohylsky. Broker Associate
Miramar Beach - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

No, that is an interesting stat.  Digging deeper how many of these homes were cash purchases, first time home buyers, etc, etc,  it would be interesting to know more. 

Apr 15, 2021 03:59 AM
Rainmaker
3,968,238
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nope is the easy aswer, but given the thinventory in the suburbs it is a safe bet that the number is rising.

Apr 15, 2021 04:59 AM
Ambassador
5,160,820
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Our number would be higher if based on our sales, of course a few did not appraise as high as we would have liked.

Apr 15, 2021 04:44 AM
Rainmaker
961,162
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I don't know that number for Massachusetts. For our town, it's very likely the listing will go over asking

Apr 15, 2021 06:10 AM
Rainmaker
705,829
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Interesting. I haven't seen a NAR stat that tells how many are selling over list price. I pulled all closings for my town. January through today the average was 1.01% of list with many being above and a surprising number in the .97-.99 range. However, it appears 50% or more sold for over list. The highest was 1.24% March through today showed the average as 1.03%. Of course, listing prices are higher than they were in January. 

Apr 15, 2021 05:46 AM
Rainmaker
3,340,911
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I don't know about my state, but I wouldn't be surprised if the number were in the high 90's with regard to percentage.

Apr 15, 2021 05:25 AM
Ambassador
3,203,716
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Just gessing but I think that number would be 84% or more of all sales have sold over list price.

Apr 15, 2021 10:57 AM
Ambassador
4,458,288
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No, but I look at this statistic for my local market reports. For Carlsbad in March 72% sold above asking price, up to 22% over.

Apr 15, 2021 08:54 AM
Ambassador
2,989,861
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I do not track data for my State (CA).  I do track data for the market I serve. 

Apr 15, 2021 07:58 AM
Rainmaker
1,086,925
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

While I cannot find that specific data I did find that the typical sale was 98% of list price in Florida.

Apr 15, 2021 07:18 AM
Rainmaker
1,689,967
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Seems like a made up stat. What time frame?

Our MLS can tell me alot & I remember mentioning it to them. If I can't figure out how to do it on the MLS, how can NAR?

Apr 15, 2021 06:17 AM
Rainmaker
2,007,224
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

From $150,000 to $450,000 - 100% sold above List Price

Apr 16, 2021 02:28 PM
Rainmaker
3,781,175
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am not sure but something I should look into

 

Apr 15, 2021 11:46 AM
Rainmaker
5,304,418
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Buzz,

I have no idea.  I cannot say that I am interested in the number.  Happy Thursday.  A

Apr 15, 2021 07:52 AM
Rainmaker
4,679,685
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Buzz, our area is so large, I usually break the numbers down into an area the buyers are looking, and do the stats.   We are seeing 103 - 105% of the purchase price.

Apr 15, 2021 07:38 AM
Rainmaker
6,305,377
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Interesting. We would sell if we had another home.

Apr 15, 2021 07:12 AM
Rainmaker
771,731
Bob Force (REALTOR®)
Century 21 - Redwood Realty - Mount Airy, MD
The FORCE in Maryland Real Estate

Question

In the calculation of this ratio, should any seller concession be first subtracted from the stated sold amount?

 

Apr 16, 2021 09:58 PM
Ambassador
3,015,552
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope and don't really care because real estate is local and only 8% have in my MLS

Apr 15, 2021 03:16 PM