I ran the numbers on this a few months ago but it's worth another look... and this time I stretched back even further to build a broader context.
Before Covid, before super low mortgage interest rates, we were seeing somewhere between 10% and 20% of homes selling over the asking price.
Though... as we moved from 2016 through 2019 we started to see a gradual increase in the number of homes that were selling for more than the asking price.
And then, in 2020, things started to heat up... with 25% of homes selling over the asking price.
But in 2021... yikes... a full 43% of homes sold over the asking price.
That 40% plus threshold only stuck around for two years (2021 and 2022) but we have been in the 30% range ever since.
Despite mortgage interest rates leaving that super low (below 4%) range, we still see about a third of homes selling for more than the asking price.
So... when you list your home for sale... will you end up selling it for more than the asking price?
Quite possibly... that happens with about a third of homes these days... though it is largely dependent on how you price your home.