I couldn't help but think of Craig Ferguson's wacky late night show, as I did some research to see if the first part of January tells us anything about the Cape Girardeau area real estate market so early in 2015. Properties are selling between 95 and 100 percent of their listed price! In fact, the average ratio is 96.17 percent. That holds true of all classifications except vacant land and farms (which, along with commercial/industrial also (6 comments)
how much should i offer: “What do you think they will take?”
- 01/29/11 01:27 PM
Hmmm. They already told you what they will take, and that is the listed price. It's when "What do you think they will take" is followed by "Maybe I'll just test the water" that a savvy agent needs to step up to the challenge. When testing the water equals wasting time for everybody involved, statistics may help bring the offer more in line with reality. Sold prices are edging closer to listed prices (see charts below). Without giving advice, I can tell the questioner that properties in our local MLS have averaged selling for 94.4% of the listed prices in the (4 comments)