Hi Michael, thanks for the question. Looks like Laura beat me to it, I was busy with something else this morning, but she's right - list to sale in Blacksburg has hovered around 4% as a whole. If you dig into the numbers a bit more, you'll find slight differences here and there, but for the most part that's a good rule of thumb.

I went back a year and found out a little more. Among all *residential* properties sold in Blacksburg in the last year, this is how it broke down:

* average list price, $259056 / average sale price, $251437
* median list price, $229000 / median sale price, $225000

Average list to sale percentage was 97%, while the median (I think the median is a better barometer since it gives the mid-point of sales) was 98.2%

Hope that helps, thanks for using Trulia and let us know if there's something else!

Hi Michael,
Here in the Blacksburg area the asking price and the actual selling price are often fairly close.
Even though we have had a slow down in the last year,the satistics still show that homes are on the average still selling for about 96% of what they were listed for.
That is not to say that seller have not reduced their asking prices but since Blacksburg is relatively small, the demand often exceeds the supply.

The Asking Price is what the home was listed at the time it was put on the market. The Sellers accepted an offer that was different from the "Asking Price" which can be less or more than the Asking Price depending on the terms of the contract. Example, the Buyers wanted the Sellers to pay closing costs and pre-paid Taxes and Insurance at Closing which might have been $4,500+/-, So the offer might have been higher than the asking price to give Net Proceeds back to the Seller for the benefit of the Sller paying the $4,500 for the Buyer at Closing.