Fewer homes selling above asking price in the US as market slows
Zillow | February 05, 2019
The number of homes sold in the United States over their asking prices fell to a two year low at the end of 2018, a new analysis shows. Overall the share of sales that were over the listed price decreased from 21% in November to 19% in December, the largest month on month drop in seasonally adjusted data since at least 2012. The analysis from real estate firm Zillow points out that the share has been declining steadily since its peak of 24% of homes sold above list price in May 2018 and the amount was down from $7,000 in 2017 to $6,830 in 2018.