Trend-Spotting Tools

Intracoastal Realty’s Business Intelligence Dashboard is a tool used by our agents to stay abreast of the ever-changing market. Real-time data from the MLS is parsed to identify trends and to help with property marketing and pricing strategies. This is one of many resources that helps our firm deliver an exceptional real estate experience.

Sold Price vs. List Price Trend?

One set of data that we’ve been monitoring closely is how many properties are selling above, below, or at the list price. A quick look at closings in August reveals more properties selling below list price than at or above. In fact, 45% of listings sold below list price, compared to 37% selling above list price and 18% selling at list price.

Bottom Line: While it remains a seller’s market with relatively high buyer demand, inventory has been increasing steadily over the past few months. With buyers having more properties from which to choose, pricing has become increasingly important.

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