56% of NC Triad Homes Closed Above List Price

For closings in the NC Triad MLS, over the 30 period ending on September 11, 2023, 56% of homes closed above list price if they went under contract the first weekend they were listed. A decrease from the prior month, which was of 62%. 17% closed at list price, and 27% closed below.

For closings that went under contract AFTER the first weekend (on the market for 6 days or more), only 15% closed above list price, and 77% closed below list.

If you are interested in making an offer on a home the first weekend it is listed, and it has had a lot of interest and multiple offers have been made, it’s more likely than not that it will end up closing above list price.

If you focus your search on homes that are still on the market after the first weekend they are listed, you have a better chance of getting an offer that is below list price accepted.

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2016 was the last time the real estate market was balanced between buyers and sellers