I think you would need to define sellers market.
What inventory levels are we speaking of?
I am sure there have been a handful of markets where any given month, the average sale price is greater than the list price.
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.
Also keep in mind that you have those homes that have been on the market forever and the seller is not really serious but willing to see if anyone buys into his asking price. These listings will change the stats and there are more of them than you might imagine!
|