As the housing market continues to recover more sellers are getting close to their asking price, according to ZipRealty data cited by the Palm Bach Post. Nationally, the average home sold for 98.3 percent of the asking price in December, up from 97.1 percent in January 2011.
The ZipRealty study showed that “the gap between the listing price and closing price of an average home in the United States continues to narrow, with a growing number of sellers able to achieve more than 98 percent of their home’s listing price.”
ZipRealty CEO Lanny Baker cited tight inventory and cheap loans as the reason for the stronger sales. [Palm Beach Post] —Christopher Cameron