Sold Above Listing Price? It Happened to Me, Said 49% of Sellers

By: Kelly Leighton on June 28th, 2021 in Industry News

It’s a good time to be a seller.

Eighty-two percent of recent sellers accepted an offer at listing price or above, according to a recent Homes.com survey. One-third of sellers sold at listing price, while 49% sold above and 27% of sellers were offered $10,000 or more over the listing price. While this is good news for sellers, a lack of inventory on the market has been delaying some would-be sellers from listing their property, as they are afraid they won’t be able to find a new property to move into.

However, 86% of sellers who had planned to buy a new-to-them property said they were able to purchase a home on the market to move into, while 14% opted to rent as they continued their search. For those who hadn’t planned to buy a property, some moved into their secondary home (24%) or had already purchased a new home build (19%) or began renting because they wanted to (11%). An additional 9% moved in with family or friends.

However, 86% of sellers who had planned to buy a new-to-them property said they were able to purchase a home on the market to move into, while 14% opted to rent as they continued their search. For those who hadn’t planned to buy a property, some moved into their secondary home (24%) or had already purchased a new home build (19%) or began renting because they wanted to (11%). An additional 9% moved in with family or friends.