Less homes selling at or over list price is declining, going back to historical norms, as outlined by CoreLogic’s Home Price Index. That may be a relief to home shoppers whose budgets have been squeezed recently as home prices soared.
Less homes selling higher than list price
The share of homes sold at or over list price dropped to 31.1% in March – about the same level as in 2000 and 2001 and a big change from last year. In the second quarter of 2018, the proportion of homes selling at or above list price peaked at in excess of 40% of total sales – nearly triple that of 2008.
“As annual home price growth started to slow in the third quarter of 2018, the share of home-buyers able to negotiate a better price began to rise,” CoreLogic researchers note.
However, there is variation geographically: 69% of homes sold for no less than the list price in San Francisco, which had the most significant share of such homes, followed by Washington, D.C., at 50% and Minneapolis at 48%, in keeping with CoreLogic.
On the flip side, Chicago and Miami had the smallest share of homes that sold at or over the list price: 21% and 14%, respectively.
“Price pressures rapidly increase as supply drops below three months,” CoreLogic says. In San Francisco, for example, the supply of homes for sale was at 2.3 months, and home-buyers there paid an average 4.6% more than asking price. However, in markets like Miami, where the supply of homes was 10.9 months, home-buyers had more negotiating power and saw average discounts of 7.8% in March.
Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.
Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.
A few of our recent homes that have been sold
23327 Gracewood CIR Land O Lakes FL 34639
34720 Appaloosa TRL Zephryhills FL 33541
18855 Hampstead Heath CT Land O Lakes FL 34638
22700 Southshore DR Land O Lakes FL 34639
12780 Coronado DR Spring Hill FL 34609
8706 Cobbler Place Tampa FL 33615
Ways Our Family Can Help Your Family
All Homes For Sale in & Around Tampa
- List View
- Map View
- Grid View
-
$279,500-
Lot Size4,792 sqft
-
Home Size1,086 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1932
-
Days on Market1
-
-
$299,999-
Lot Size17,424 sqft
-
Home Size1,782 sqft
-
Beds4 Beds
-
Baths2 Baths
-
Year Built2002
-
Days on Market1
-
-
$310,000-
Lot Size2,178 sqft
-
Home Size1,480 sqft
-
Beds3 Beds
-
Baths3 Baths
-
Year Built2021
-
Days on Market1
-
-
$1,035,000-
Lot Size13,504 sqft
-
Home Size2,239 sqft
-
Beds4 Beds
-
Baths3 Baths
-
Year Built1978
-
Days on Market1
-
-
$149,900-
Lot Size6,534 sqft
-
Home Size784 sqft
-
Beds2 Beds
-
Baths2 Baths
-
Year Built1981
-
Days on Market1
-
-
$485,000-
Lot Size6,099 sqft
-
Home Size1,208 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1970
-
Days on Market1
-
-
$320,000-
Lot Size41,818 sqft
-
Home Size2,052 sqft
-
Beds4 Beds
-
Baths3 Baths
-
Year Built2006
-
Days on Market1
-
-
$640,000-
Lot Size10,019 sqft
-
Home Size2,000 sqft
-
Beds3 Beds
-
Baths2 Baths
-
Year Built1973
-
Days on Market1
-
See all All Homes Around Tampa.
(all data current as of
4/3/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.