Listings Selling for Over & Under Asking Price
As a market gets hotter, the percentage of listings selling for over asking price increases. However, many North Bay listings are still going for less than list price, and of course, others expire without selling at all. Still, the overall trend is clear: more demand, more competitive bidding.
This link charts the difference between homes selling with and without price reductions. Overpricing when first going to market has large disadvantages, including a huge increase in days on market:
Sales Price Percentages, Days on Market, Price Reductions