December 8, 2006
House Asking Price Becoming Moving Target
House Asking Price Becoming Moving Target
Here's one of those glass-half-empty/glass-half-full bits of news: Recently, online company househunt.com surveyed real estate agents and concluded that 51 percent of U.S. home sellers are getting 95 to 100 percent of their asking prices.
You can look at that glass as half-full because, well, about half of the sellers seem to be hitting their target.
But then there's the rest of America, where weeds are popping up around the for-sale signs.
During the housing boom, selling your home for 95 percent (or better) of your asking price became something of an icon — a reliable, reasonable goal. But as the market has cooled, "asking price" has become a moving target.
