How much do home sellers typically get for their homes when they go to sell them? Check out this chart of the Sales to List Price Ratio 2013, Western Region USA:
Source: National Association of Realtors 2013 Profile of Home Buyers and Sellers
As you can see, if you had a house to sell in 2013 in the Western United States (I’m looking at you, California!), 6% of home owners received more than 110% of full asking price for their homes. Pretty good if you’re in that top 6%! But another 8% received between 101% and 110% of asking price – and that’s incredible too. But then another 23% of home sellers received a full 100% of asking price on their homes – so that means 37% of home sellers in 2013 received full asking price or higher – and often, a lot higher.
The not-so-great news is that 63% of sellers received less than asking price on their homes – an indication that their homes were at least somewhat overpriced. And there’s other data that shows that overpriced homes take longer to sell…and since the way you live in a home is different than the way you sell one, it makes for a happier selling experience if you are able to get your home sold quickly – and at or over asking price.