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

The share of U.S. home sales that were above the listed price increased from 17.8 percent in 2012 to 24.1 percent in 2017. The typical price increase for homes that sold above the listed price was 3.1 percent. More than half of home sales in San Jose, San Francisco, Salt Lake City and Seattle went for more than the listed prices.

Recently Sold Homes in 95125 have a median listing price of $1,349,000 and a price per square foot of $746. There are 324 active recently sold homes in 95125, which spend an average of 48 days on.

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WASHINGTON (Reuters) – U.S. home. break above 2.9 percent since the 2007/09 recession ended. In December, houses typically stayed on the market for 40 days, unchanged from November and down from 52.

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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 .

homes sold faster than Ever in 2017 shrinking inventory limits options for buyers this home shopping season, leading to more competition – It took 81 days to sell the typical U.S. home last year, including the time to close the sale. – The single fastest-selling month in 2017 was June, when the typical U.S. home sold in 73 days.

 · 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,

The typical home seller in 2017 was 55 years of age, had a median household income of $98,800, and lived in their home for 9 years. 91% of sellers were assisted by a real estate agent when selling their home. Recent sellers typically sold their homes for 99% of the listing price, and 23% reported reducing the asking price at least once.