Less homes selling higher than list price

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

22700 Southshore DR Land O Lakes FL 34639

Our newest listing that is located in Land O Lakes,  Florida in the community of Lake Padget Estates. THIS IS IT!! ...

See Home Details

12780 Coronado DR Spring Hill FL 34609

Our newest listing that is located in Spring Hill Florida, BO HOA or CDD. This beautifully maintained 3-bedroom, 2-bathroom home with ...

See Home Details

8706 Cobbler Place Tampa FL 33615

Our newest listing that is located in Tampa Florida in the community of Copperfield.  Move in ready townhouse featuring 1316 ...

See Home Details

3243 Ashmonte DR Land O Lakes FL 34638

Our newest listing that is located in Land O Lakes Florida in the community of Oakstead. Experience the best of ...

See Home Details

3705 NE 17TH ST Ocala FL 34470

Our newest listing that is located in Ocala Florida in the community of Fox Meadows. 2 bedrooms, 2 full baths, ...

See Home Details

34018 Laughing Oak DR Wesley Chapel FL 33545

Our newest listing that is located in Wesley Chapel Florida in the Community of Oak Creek. Welcome home to this ...

See Home Details

See More

Ways Our Family Can Help Your Family

All Homes For Sale in & Around Tampa

See all All Homes Around Tampa.
(all data current as of 2/18/2025)

Listing information deemed reliable but not guaranteed. Read full disclaimer.