Sellers being more realistic - Sales Prices Statistics

Sometimes it seems that Seller's want to price their Home for Sale a bit higher than the market really allows them to, in hopes that they will be able to negotiate down to where they wanted to be anyway, or they may get lucky and get higher than they thought. Well, that has kinda gotten us in the mess that we are in now, but that is a whole different story I'll talk about later.

When performing a report query on various zip codes here in Northern Virginia, I was pleasantly surprised that almost across the board, the Sales Prices for July 2009 are roughly 95% of the List Price. In July 2008, Sales Prices were approximatley only 90% of the List Price. This is great news, don't you think?

Sellers want to sell their house, and buyers want to buy it. Prices are more realistic to what the market actually allows. Buyers are recognizing this! Sellers understand for the most part that if they want to sell their house, they can't keep looking at the pie in the sky.