Using the average sales price of $160,000, it sounds like sellers
are taking quite a beating, as this price level indicates a return to
1998 price levels. How many of the sales in the last 90 days
are either bank owned or short sales. Perhaps the original
questioner should advise as to how long they have had the
property and what $ amount is needed just to pay off the
mortgage.

Right now (so far this year) there are 16 that have closed matching that criteria. Of those 16 - the average List Price was $160,705 and the average sales price was $159,917, (98% list price to sales price ratio) The average market time was 93 Days.

Please let me know if I can be of any help. http://www.TimIreland.com - tim@timireland.com