"How low can you go with that offer" is something that we get asked on a daily basis here in the Clearwater/Palm Harbor Florida area. To give you an idea of what is going on in the local market for single family homes, let me provide you with a little information on what list price is like compared to actual sold price:
During March 2013 the actual sold price was an average of 92.8% of the list price. That is up 4% over March 2012.
February 2013 that average was 91.9%, which was up 2.8% over a year ago.
January 2013 that average was 91.4%, up 4% over the previous January.
Sellers realize that it is their turn once again to dictate the market trend and they are doing so. Gone are the days of the buyer's market. As stability returns to the economy, buyers are going to have to start paying more for that single family home that they have been procrastinating to purchase.
What can you do? Buy now or wait until the market swings around to a buyer's market again in a few (or several) years. This has been forecast by Realtors for over a year!