About every day someone asks me what sellers are getting for their homes.
I love that question because it is important to both buyers and sellers.
 
Buyers need this information to help them better understand what to offer for th home they want to buy. Sellers need this same information to help them estimate the net figure they will receive after negotiating an offer.
 
The answer unfortunately is “it depends”. It is something you have to keep a close eye on a shifting market, like the one in which we currently live.
 
It also depends on supply and demand. Right now, in most areas, the demand is at a lower price point because there are more buyers in that price range.
 
Surprisingly, when we compare the market in 2006, MLS reports the average list price (for Huntersville) $272182 and average sale price $268,573. Average days on the market 61. The average list to sell differential was 98.6%
 
Year to date, Huntersville average list price is $261731, with an average sale price $250,043 The average list to sell differential is 95.5%.   Days of the market has increased to an average of 133.
 
 
Here is the sales data for Huntersville year to date:
 
 
  • 12 homes below $300,000. . . . . . .  96% of asking price. . . .  121 days on market
  • 6 homes $300,000-500,000 . . . . .   94% of asking price . . . . 167 days on market
  • 6 homes $500,000-700,000 . . . . . .100% of asking price . . . .235 days on market
  • 6 homes $700,000- 1,000,000 . . . 109% of asking price . . . .294 days on market
  • 1 home Over $1,000,000 . . . . . . .   85% of asking price . . . . 360 days on Market
 
 
 
 
 
I hope this gives you some insight into why there is no easy answer to this question. If you have any questions, please feel free to contact me. Also, I encourage you to post a comment to this article.
 
Terri Latta
Keller Williams Realty