Year to date, detached homes are now selling 88% of original list and detached at 85% in Glen Ellyn. Wheaton's numbers are similar. if you have a client you would like to refer to the suburbs in 2010 let me know and I will help you pick a good agent to meet your clients criteria.
I want to confirm your question.
Are you asking in general to define what is a Sold Price/Asking Price ratio and how useful it is as a real estate statistics? or are you asking for the specific and current ratio in you local area (Glen Ellyn)?
Thank you in advance-
I did an analyis once to see how often we, as experts on valuing homes, priced the property correctly. I found that we price it at what is sells for only 16% of the time. The other intersting factor was that we priced it over and under the selling pirce pretty evenly; 38% under selling and 46% over the selling price.
I'd hoped for a different result.
If you look at CMA or sales statistics in our MLS, you will see the Selling price / LAST (after all reductions) asking price ratio. It's about 93% - 94 % depending on neighborhood. If you take in a consideration the Initial asking price, ratio will change to approximately 90 %.