I can assure you that my statement is accurate based on RMLS statistics and yes, using average rather than median statistics. The 4% difference between list price and selling price was based on the current list price. It appears that the comparison you are making is between “original” list price and selling price which I believe could easily be the 15% you state.

Without taking into consideration the difference in statistical results which would be obtained between the median sales price and average sales price. The 15% number you give which appears to reflects the original list price tells me homeowners priced their home too high to begin with, usually against their agents advise and when the seller finally lowered the price to a point that they actually received an offer they ended up accepting an average of 4% less than that current list price.

Without getting too stuck on analyzing numbers, those are probably very close to real life numbers and why it is so important to price your home correctly to begin with. An overpriced home will generally not attract offers unless there is something very unique about the home. A point that many sellers have a very hard time grasping.

Your point of differentiating between average and median home sales prices are valid, but also very time consuming for me to gather data. You seem like a numbers person, maybe you would have an interest in writing articles here?

I am not sure I would agree with the validity of this statement though: “Of the 202 non-bank related home sales the average sales price was just 4% less than asking price.”

Comparison of the average list price with the average sales prices would be skewed by outliers. It would make more sense to calculate the difference between the list price and sales price for each property, and then calculate the median percentage. Accoriding to PSU’s Center for Real Estate Quarterly, the median sale price in Eugene in Q1 of 2009 was 85% of the original sale price (see http://www.pdx.edu/sites/www.pdx.edu.realestate/files/media_assets/CREQ-2ndQtr2009.pdf ). I suppose the difference between PSU’s 15% and your 4% could be due to using different time periods, different geographic area (I assume theirs is for the Eugene MSA, not the City of Eugene), and the fact that MLS list price may not be reflective of the original list price due to price reductions by the seller.