IN-DEPTH
ANALYSIS
October
2008
Listing vs.
Sales Price
This
article looks at the relationship pattern between the Median* Listing Price and
the Median* Sales Price.
Commentary
The
pattern associated with the size of the expectation gap that started appearing
when the median sale price flattened out in June 2005 has significance. Also
note that the expectation gap is shrinking.
*The median price is the price at which 50%
of the homes sold had a price greater than this number and 50% had price less
than this amount.
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