Prices may be on the rise, but about 63% of homes sold at a discount compared to the list price in May, according to the 2015 REALTORS® Confidence Index Survey. The discount averaged in the 1% to 11% range.
The longer a property lingers on the market, the more likely the home will end up selling at a discount from the listing price. Eighty-four percent of homes that sold after 12 months were sold at a discount. On the other hand, 24% of homes that sold within a month sold at a premium.
Staging a home raises price