Property Valuation
A Wyoming buyer's agent presents their buyer with a CMA showing that list prices in the area are consistently 5% above final sale prices. This suggests:
ASellers are pricing correctly
BBuyers have negotiating room and the market favors buyers✓ Correct
CSellers are underpricing their properties
DThe market is in a rapid appreciation phase
Explanation
When list prices are consistently above sale prices (a high list-to-sale price ratio difference), it indicates buyers are successfully negotiating reductions and the market has buyer-friendly conditions. A buyer's agent can use this information to counsel clients on appropriate offer prices.
Related Wyoming Property Valuation Questions
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