For the first time in nearly 18 months, the average home sold for less than list price in August, according to a market analysis by real estate company Redfin.
Not a lot less, and not enough to raise a red flag for the “sell side” of the housing market, but Redfin reports the average sale-to-list price ratio fell to 99.8% in August. That’s down from 101.4% a year earlier.
The actual final closing price may be even lower than original list, since a record 7.5% of homes on the market have a price drop.
