List (asking) price vs sales price May 2008
The asking price by sellers continues to be significantly higher than the prices paid by buyers. The only exception once again is in the luxury condo/townhome classification.
It likely is one reason that the selling price is currently averaging over 5% less than list price. If you really want to sell, then price your home to sell. There is a lot of inventory for buyers to choose from.
| | Average | Median |
| Single Family Homes | | |
| under 600k | | |
| sold prices last 12 months | $229,896 | $203,990 |
| list prices currently for sale | $271,691 | $239,000 |
| difference | 18.18% | 17.16% |
| over 600k | | |
| sold prices last 12 months | $1,166,067 | $850,000 |
| list prices currently for sale | $1,407,506 | $1,035,000 |
| difference | 20.71% | 21.76% |
| Condos and Townhomes | | |
| under 600k | | |
| sold prices last 12 months | $212,496 | $180,000 |
| list prices currently for sale | $243,102 | $199,250 |
| difference | 14.40% | 10.69% |
| over 600k | | |
| sold prices last 12 months | $987,938 | $875,000 |
| list prices currently for sale | $1,070,843 | $849,000 |
| difference | 8.39% | -2.97% |