More properties sell above list price
More homes are being sold for at or above the list price, according to the latest REALTORS Confidence Index Survey, a survey of real estate pros on their most recent transactions. Thirty-seven percent of properties that closed in February sold at or above the list price, according to the survey. A year ago, 35 percent of properties sold at or above the list price.
“Buyer demand continues to outpace supply of homes being listed for sale in the market, sustaining the upward pressure on home prices,” the National Association of REALTORS reports at its Economists’ Outlook blog.