did you run the stats for listings that are less then 6 percent above the purchase price?
because without assessing transaction fees, you can't see who is losing on the transaction
No, the 39 instances are clearly below previous purchase price.
There are quite a but more that are selling less than 6percent above purchase price, but I didn't include those, which would make the percentage of actives underwater closer to 50%. You can do that as an exercise though 🙂
