Share of housing sold above list price in the U.S. 2012-2022
As the U.S. housing market slowed, the proportion of properties sold above the list price decreased to 23 percent. A record high share of homes sold for more than the list price in 2021 and the first half of 2022, as bidding wars broke out among homebuyers and more than half of home sales sold over the list price. This trend developed as the real estate market witnessed an uptick in sales during 2020 - as can be seen in an index for pending home sales during the COVID-19 pandemic - alongside growing issues on the supply end. Home inventory in several U.S. cities, for instance, amid growing shortages of building materials.
