into the relationship between list price and sale price to determine if price predictability is on the rise, and if list prices are beginning to mean something again.
“When a home sells for 100% of its list price, that means it sold for exactly what it was listed for,” explains Diane Ciszkowicz, a GTA-based Properly real estate agent. “A percentage above 100 means it sold over asking and a percentage below 100 means it sold for less than asking.”mental health Ciszkowicz highlights how, in the strong seller’s market of the recent past, the final selling price was based less off data and more off an emotional response. The competitive and emotional nature of bidding wars results in more impulsive decision making from buyers.
Once August rolled around, on average, sale prices had dipped the furthest below list prices and we saw the lowest median sale price .