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List (asking) price vs. sales prices

Some interesting statistics showing sellers listing their homes for sale in the Charleston real estate market are asking significantly more than the sales prices buyers are paying for homes.

 AverageMedian
Single Family Homes  
under 600k  
sold prices last 12 months$232,348 $205,528
list prices currently for sale$274,972 $243,600
difference18.34%18.52%
over 600k  
sold prices last 12 months$1,143,116 $850,000
list prices currently for sale$1,411,688 $999,950
difference23.49%17.64%
Condos and Townhomes  
under 600k  
sold prices last 12 months$208,808 $179,900
list prices currently for sale$242,116 $199,900
difference15.95%11.12%
over 600k  
sold prices last 12 months$909,597 $870,000
list prices currently for sale$1,072,702 $842,500
difference17.93%-3.16%

Published Monday, March 31, 2008 7:38 AM by Howard Arnoff

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