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

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WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as transactions. Nearly two-thirds of the houses sold last month were either under construction or.

In Chicago, the share of sales above listing price in 2017 increased by five percentage points to 18 percent in 2017 compared to the 13 percent in 2012. Developing a 2.6 percent median for homes paid for over the listing price in 2017 at an average of $5,100.

Homes sold for the month of July, 2017: 168. Homes sold for the month of July, 2016: 141. Sales to listing ratio, July 2017: 92.27%. Sales to listing ratio, July 2016: 72.54%. It pays to know the average price of homes for sale in your neighbourhood, as well as that of homes that have sold, including both over-list and under-list sales.

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The median house price increased 5.8 percent from a year ago to $240,500 in January, marking the 71st consecutive month of year-on-year price gains. The PHLX housing index .HGX was trading higher,

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.

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Stamp down on mortgage debt. Mortgage Masters Group WASHINGTON – First-time and move-up homebuyers with heavy debt. mortgage group in Waldorf, Maryland, says a 10 percent dropoff is more likely. But most lenders agree that substantial numbers of.

 · Home prices are outpacing wages in 40% of U.S. housing markets, according to a report released in June by ATTOM Data Solutions.. unemployment in Nevada was above 14% – the highest in the.

Jan 11, 2018. SEATTLE, Jan. 11, 2018 /PRNewswire/ — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price, according to a new Zillow analysisi.