The latest numbers from the Sarasota Association of REALTORS may surprise some people. Over the last 3 months, sales are up. Of those transactions, the sales amount has averaged 93% of list price.
This flies in the face of the popular opinion that people can lop 30-40% off the list price and take advantage of a desperate seller. The fact is, list prices are necessarily as low as they can go, if the Seller wants to sell their home competitively.
So although buyers shouldnt expect huge reductions off list price, the great news is that the homes are already priced competitively low and offer great value.
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