We’re in the midst of a huge demand for homes—and that demand translates to sellers fetching higher prices for their homes.According to data from real estate technology firm OJO,
More Than Half of Homes Sold in April Sold for Above the Listing Price
Dated: May 25 2022
Views: 2
We’re in the midst of a huge demand for homes—and that demand translates to sellers fetching higher prices for their homes.
According to data from real estate technology firm OJO Labs, in the top 50 metro areas in the United States, more than half (52 percent) of all properties sold in April 2022 sold for above listing price. That’s up 7 percent from March 2022, when 45 percent of homes sold above asking—and up 10 percent year-over-year.
How much above listing are homes selling for? On average, homes sold in April went for $13,655 above asking price—although many metros saw sale prices go significantly higher than that average (like San Francisco, where a whopping 82 percent of homes sold for above asking price—at an average of nearly $200K over the listing price.)
Leah Justice
You probably know how important it is to find the right real estate agent when you are focusing on a financial investment as substantial and as personal as your home. What you should know about me is....
Latest Blog Posts
5 Questions To Ask When Buying A HouseThere are no dumb questions to ask a real estate agent. ReadVisit houselogic.com for more articles like this.© Copyright 2020 NATIONAL ASSOCIATION OF
You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and
Coronavirus Mortgage Relief: What You Need To KnowIt’s a confusing time, but lenders are putting remedies, like forbearance, in place to help homeowners. ReadVisit houselogic.com for more
The data relating to real estate on this Web site derive in part from the ValleyMLS.com IDX datashare program. Listings marked with the NALMLS logo are provided courtesy of the ValleyMLS.com IDX Database. © 2022 ValleyMLS.com. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Cullman Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
