The share of homes selling at or above list price has returned to levels comparable with the early 2000s, according to a new analysis from CoreLogic, a real estate data firm. Annual home price growth began to slow in the third quarter of 2018. As such, the share of home buyers able to negotiate a better price began to rise.
In the second quarter of 2018, the share of homes selling at or above list price peaked at 43% of total sales which is nearly triple the level during the housing crisis in January, 2008. As of June, the share of homes that were sold at or above list price dropped to 39.2%. That is still 10 percentage points higher than the average since 2000, CoreLogic researchers note.