Tuesday, October 27, 2015 / by Lela Ashkarian
The Sale Price-to-Final List Price (SP/FLP) of 94.21% rose 1% from 93.16% last year. (The SP/FLP compares the sale price of the property to the list price of the property at the time the contract was written instead of the time the property was first listed. It reflects the average percentage of the final listed price that buyers are paying for properties that have sold.) This ratio will continue to improve, as does the market. The peak for this ratio was 94.85% for 2004 and the low, 87.10%, during 2009.
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