The average gap between the average asking prices of the house is coming on the market versus the average price of the houses are selling is between 16 and 17%.
That doesn't mean that the average drop on the last price is 16 to 17% less.
It just means that the lower price properties have a higher chance of selling, therefore reducing the overall average of the houses that sell.
That doesn't mean that the average drop on the last price is 16 to 17% less.
It just means that the lower price properties have a higher chance of selling, therefore reducing the overall average of the houses that sell.