This tracks what the property sold for as a percentage of the original asking price. This percentage can be used to determine trends in the marketplace. Percentages of 99 for example would indicate sellers are able to sell properties for 99% of their asking price. This is a very important statistic that can help buyers when deciding on offer amounts as well as helping sellers in evaluating offers on their home.

This graph shows what percentage of the list price properties eventually sold for. In the past couple of years the market enjoyed numbers hovering around 99%. This year we see a fairly significant decrease particularly the last quarter where we see the percentage dip to the lowest levels in years to between 97 and 98%.
(updated Jan 2009)