How much should you offer?

It is hard to know how much to offer when buying houses in St. Paul. Homes with multiple offers will sell for more than the asking price. There is a learning curve with each price range and neighborhood. A little house hunting brings most buyers up to speed on which homes are going to sell quickly at their current price.

When I looked at what percentage of the original list price home sellers got I found that for the last two years the median is 100%.

The data used to make the graph is from the NorthstarMLS which is deemed reliable but not guaranteed.

Graph of sale price
sale price as a percentage of the last asking price
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