Quote:
Originally Posted by Realtor 1
In most situations, the average sale price will always be lower than the average list. Even in a hot (but not booming) spring market, most places are selling for close to the list price with every (random number) 6th home selling for above the list price.
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So I believe this supports my position that if this is true (again huge if), in good times, the avg price would reflect the actual average sold pretty closely, yet in bad times, it wouldn't, so the true impact of a downturn would be hidden.
As for definition of a sellers market - 2010 to May 2014.