The list to sales price ratio, or the percentage of the asking price the average seller received is, at 94.4%, the lowest it's been since 1999 (when I started monitoring and recording it). This is due in part to a group of sellers who haven’t quite got on the bandwagon yet with respect to the changes occurring in the market.
Where are we headed? Good question. My crystal ball is on the fritz today. I do know there are buyers actively shopping and buying. Investment activity has cooled quite a bit, but buyers purchasing because of a lifestyle change are still active. If you want to sell your house to the current pool of active buyers, it's all about competitive pricing.
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