One of the stats that we do have available to us is percentage of list price to asking price. In other words, we can see by what percentage point are houses selling compared to what the list price was at the time of the sale. For example, if a house was listed at $100,000, but sold for $98,000, its LP/SP % would be 98%. These stats are somewhat helpful to buyers when gaging what to offer on a particular property. One can pretty well bet that if homes are selling in a neighborhood for 98% of list (asking) price, an offer that would be at 80% of list probably won't fly with the sellers.
However, like all statistics, LP/SP doesn't always paint an accurate picture. If that same $100,000 house sold for 98,000 but included $2000 in seller paid closing costs, the true LP/SP is 96%, not the 98% listed in mls stats. Also LP/SP does not take into consideration price reductions. The LP/SP is only calculated on the list price on the day that the house is sold, and not on the original asking price - the price the house was listing for on day one.
Best success, Kathleen Turner http://www.twitter/KathleenHomes