Discounted Price vs Overpriced

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As possible Buyer or Seller conversations … and what are your thoughts ?

Of course, not everybody agrees that homes selling well below list price can be considered discounted.

Maybe they were just overpriced, says Barry Nystedt, the president of the National Association of Exclusive Buyer Agents. “Home buying is not an exact science,” Nystedt points out. “Discount,” he says, “implies savings from actual value, as opposed to a price reduction from an unrealistic asking price.”

Analysts at Redfin, an online discount brokerage, think so. Crunching data from sales of 9,053 single-family houses in Los Angeles County; Fairfax County, Va.; and King County, Wash., between April 15 and June 15, Redfin found most homes fetched within 3% of asking prices.