The answer is highly dependent on a number of factors to include economic conditions, supply and demand and the product type. In times of high demand I think the price versus ask is within 10%. Todays ratios are probably closer to 30% but again this would depend on the product type and the Sellers motivations. If the average selling price was say $100 per foot and the average listed price was $130 then the numbers may play out. The one owner that chooses to list his or her property at the average sales price of say $100 per foot though to avoid the negotiation process may sell at the asking price.
Mar 6, 2011