Bobkat1 The gap is different between MLS and VLS. It has has varied from a high of about 7% on MLS to a low of 3% on VLS over the past two years. Right now the latest data shows MLS at 4.35% and VLS at 1.87%. Remember I throw out the top and bottom 5% because there is always some that just don't meet the smell test of reality. An example in the last couple months was a home listed at $269K and the final closing price was $291K. Did they sell it furnished? With a new car or golf cart? With another house lot someplace? With a paid off bond? Who knows. But you know something had to happen with this transaction that was not normal. and there are examples in the other direction as well.
But consistently the MLS homes have had a larger gap between asking and selling price then the VLS homes. I suspect that VLS prices them closer to reality because they can show potential sellers the competition they have with new homes. However final selling price between the two is almost identical.
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