Over List, September

There are so many signs that buyers don’t have to pay over the list price Why do they keep doing it?

1. Tired of waiting.
2. Don’t want to miss another one.
3. Agent only knows to offer more.
4. Listing agent gives them the impression that there are multiple offers.

The softness is fairly easy to see.

NSDCC September Sales:

Closed Over the Original List Price: 21%

Closed $100,000+ OVER the List Price: 8%

Closed $100,000+ UNDER the List Price: 46%

The 8% vs. the 46% should be noticeable to even the casual observers, shouldn’t it?

Yet, the favorite pricing metric is back above $2,400,000 (which was April/May 2022 levels):

Jim the Realtor

Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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