I think your question is better answered if you can be a bit more specific about the type of property and location. Try to specify new homes (from the builder) verses resale, and condo verses detached home. Also it is really important to note the area. Do you really care if you are shopping for homes in Carlsbad but UTC condos are selling for 10% below asking price? See what I am saying?
Also contrary to what alot of us on this site are hoping, the actual numbers of pendings did move up in the past month so there are buyers out there. I still believe better deals are available in the future.
Finally, I am not sure how much stock I would take in the sold pricing that is reported at all. Reason being is that what is not reflected in the sold price are credits back to the buyer for repairs or possible closing cost crediting.
From previous posts I know you are thinking about buying. The key for you is that if you do see a place you like, negotiate in a shrewd manner but show geniune interest and tact. Note this is true whether the home is a resale home or being offered by a developer as a new home. Your realtor can help you come in with a good strategy to save you money and make the lowest offer possible. Don’t be afraid to ask for a commission rebate, and DEFINITELY do not be afraid to walk away.
FYI on two escrows I currently have, the first is about 5% below list and the second is about 2% below list. They are in San Carlos and Lemon Grove respectively.
