Rule of Thumb

SIZING-UP THE REAL ESTATE MARKET

To size up an area’s real estate market, compare the difference between the original asking price and the final selling ...

To size up an area’s real estate market, compare the difference between the original asking price and the final selling price on recent home sales. A difference of 1 to 4 percent means it’s a seller’s market. A difference greater than 5 percent means it’s a buyer’s market. — Susan Bondy, financial columnist, News America Syndicte (or Syracuse Post-Standard)

02/13/18