24% of U.S. Homes Sold in 2017 Sold Above List Price

A quarter of homes in US sold above list price in 2017. In Atlanta, the share of sales above listing price in 2017 slightly increased from 19.3 percent in 2012 to 19.6 percent in 2017. Developing a 2.4 percent median for amount paid over listing price in 2017 at an average of $5,000. A combination of factors is contributing to sellers’ windfalls,

Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price. The share of homes selling above list price has grown considerably since the beginning of the housing recovery in 2012, when 17.8 percent of sales closed above asking price, according to a new Zillow analysis .

This month’s total units sold was lower than at this time last year, a decrease of 3% versus July 2017. Versus last year, the total number of homes available this month is lower by 52 units or 10%. The total number of active inventory this July was 466 compared to 518 in July 2017.

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Buyers paid more than the asking price in about 24% of U.S. home sales in 2017, netting sellers an average $7,000 more over their initial.

On average, homes that sold above their list price went for $7000 over. price in nearly one quarter (24 percent) of U.S. home sales in 2017,

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The share of U.S. home sales that were above the listed price increased. The share of homes selling above list price has grown considerably.

A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

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