You’ve probably seen the buzz lately about 50-year mortgages possibly hitting the U.S. market soon.If you haven’t come across it yet, you probably will—whether in a
More Than Half of Homes Are Selling for Above Asking Price
Dated: July 28 2021
Views: 379
Low inventory and high demand are causing unprecedented competition for homes across the country. And that competition is sending prices upward—and, often, well past the asking price.
According to data outlined in a recent article from REALTOR® Magazine, 51 percent of homes are selling above asking price. That’s up from 26 percent a year ago—and the highest percent of homes selling above asking price on record.
And with homes selling at such a premium, many sellers are expecting their homes to sell above asking price. According to the data outlined in the article, nearly one in four sellers (24 percent) expect their home to sell for more than their asking price—and 29 percent plan to ask buyers to pay more than what they believe their home is worth.
The Takeaway:
So, what does this mean for you? If you’ve been thinking about selling your home, now is a great time to put it on the market—because whatever price you list your home at, there’s a good chance that you’ll ultimately sell it for more.
Brian Nixon
My mission is to provide each and every customer with exemplary service. My goal is to work as hard as possible to help buyers find the home of their dreams and help sellers achieve their ultimate obj....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 26, 2026 6:33 PM UTC
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