Re: Matket Analysis???
I have been tracking the resale market for over a year and the relationship of asking price to sale price is still at 96.7% The range is from 87% to 104%. The ones over 100% and there are several must have included something else. Furniture, a golf cart, bond paid off, or something else. I did adjust those to 100% so as not to distort the number. VLS is at 97.2% and MLS is at 95.1%. My numbers are about 2 months old as it takes that long for the county to update the records. However the trend is up. Asking and selling price getting closer to each other. That says that sellers are pricing closer to market or the market is improving. I think the latter because new home incentives have been dropping a little.
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