[deano_hoosier]

Originally Posted by KYWildcat

I am an active real estate appraiser. I have just completed collecting some data via local MLS system that covers the Villages. On a particular designer home that I am interested in purchasing very shortly, my data collected on existing homes was the following:

sp/lp ratio: 94% (median final list price: $184,900, vs closing price: $172,000
dom: (median) 66

The list price is the last list price at the time of the pending contact or "the meeting of the minds" It is not necessarily the intial listing price.

Days on market is the number of marketing days until property comes under contact. It is not to the confused with the final closing date or sale date.

I did a similar study 18 months back and found an average 7% discount from list price as the "typical" closing price. So your stat's seem not to have changed much, recently.