The share of homes selling at or above list prices hit new highs in August 2021.
52% of All Homes Selling in August Sold At or Above List Price
According to the national CoreLogic Home Price index (HPI), 52% of all homes selling in August sold at or above respective list prices.
Starting in July 2020, the share of homes selling at or above list price reached and exceeded the previous peak in June 2005.
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Take a look:
Share of Sales At or Above List Price
Seattle had the highest share of homes, 78%, that sold for at least the list price. San Francisco and San Diego followed with 77% and 75%, respectively. In Seattle, homebuyers paid an average of +4.3% more than the asking price.
Meanwhile, Miami had the lowest share, 39%, of homes selling at or above list price in August. With housing supply being relatively high in Miami, homebuyers were able to negotiate below asking price with an average discount of -3.2%.
- Seattle – 78%
- San Francisco – 77%
- San Diego – 75%
- Denver – 74%
- Los Angeles – 70%
- Dallas – 70%
- Charlotte – 70%
- Phoenix – 69%
- Las Vegas – 69%
- Atlanta – 68%
- Washington DC – 67%
- Honolulu – 66%
- Louis – 65%
- Boston- 65%
- Detroit – 63%
- Orlando – 59%
- Philadelphia – 56%
- Houston – 54%
- Chicago – 51%
- Miami – 39%
Thanks to CoreLogic.
