In Middlesex County NJ, for November the Sold Price/Asking Price Ratio (SP/AP) was 95% (data from Middlesex County nj MLS).
Real estate is local and you should make a thorough analysis with the stats and comps your local agent is providing you with.
The reason why I am jumping in this trail is to show you that across states this ratio is very similar and the moral of the story is that homes that are priced at market value sell for close to their asking price (94%-98%).
I hope this help-
Catherine "Cathy" Chaudemanche
Real estate agent & Realtor associate
Agent Leadership Council
Keller Williams / Middlesex County market center... more