No. You should not be surprised if your home sells at or above the list price. As shown above, 53% of homes that have sold thus far in 2020 have sold at or over their list price.
It's a sign of the times, I suppose.
There are LOTS of buyers fighting over very few homes for sale and this often leads to...
- multiple offers
- escalation clauses
- homes selling at or above their list price
Just to put this in context, let's see how things looked three short years ago...
Things were quite a bit different in 2017, it seems!
Way back in 2017 only about a third of homes sold at or above their list price!
As with many other recent market indicators, this is great news for sellers and rather unexciting news for buyers.