Seattle

[twlkp76]

They don't match reality. I have been following RE in Snohomish County for years and accept for the bubble years 2 to 3 per cent used to be average, however that is no longer so.

Most final sale prices are closer to 10 per cent from FINAL listing price. The final listing price is usually considerably lower than the original listing price. When a property is listed at a fair price it might sell for the asking price but this is a rare property. Most sellers seem to come in today with an unrealistic price with the idea that they can always come down.

[The_Tim]

Hi twlkp76,

Our stats on list prices come directly from the MLS.  While it may be true that many homes you are personaly watching end up selling for 10% less than their final list price, the average sale-to-(final)-list price ratio across all home sales for most areas around Seattle is indeed around 97%.

Spend some time browsing sold homes and you'll see that quite a few homes are selling for 100% of list price these days, which definitely pulls the average up.

[bld999]

"Most sellers seem to come in today with an unrealistic price with the idea that they can always come down."

Has little to do with "today", that has been going on for millenia for all goods.