Ouch. There’s $100K split on asking unsold and asking pending. That’s pretty telling. Those that came off the market as sold are 10% below those that didn’t. The ones that are looking to come off next month are another 5% below that. On top of it, they’re closing in on a 10% drop below their asking price… and back flat to last year.
” The Active inventory has an average asking price of $747,845 while the homes that sold were at an average asking price of $667,336 and the Pending sales had an average asking price of $639,199. Part of this difference is the Actives are a little larger, 1871 sq ft on average versus 1790 sq ft for the sold. “
