5 U.S. Markets Where More Homes Are Selling for Less Than the Listing Price

Both homebuyers and sellers alike benefit from understanding current overarching housing trends – and how those trends could impact their transactions.

Each month, the RE/MAX National Housing Report analyzes the average close-to-list price ratio across surveyed U.S. metro areas, measuring the difference between a home’s listing price, and the price it ultimately sells for.

In the latest report for January 2025, the nationwide average close-to-list price ratio across 52 markets was 98% – the same as one month and one year prior.

Zeroing in further, here’s a look at five markets that saw some of the lowest close-to-list price ratios in January, according to the latest housing data from RE/MAX:

• Average Close-to-List Price Ratio: 92.8%
• Average Median Sales Price: $500,000
• Average Days on Market: 81

• Average Close-to-List Price Ratio: 96.4%
• Average Median Sales Price: $355,000
• Average Days on Market: 71

• Average Close-to-List Price Ratio: 96.4%
• Average Median Sales Price: $282,150
• Average Days on Market: 74

• Average Close-to-List Price Ratio: 96.6%
• Average Median Sales Price: $325,000
• Average Days on Market: 59

• Average Close-to-List Price Ratio: 96.9%
• Average Median Sales Price: $749,950
• Average Days on Market: 87

The close-to-list price ratio is a common housing market metric used to evaluate home selling activities.

This ratio is calculated by dividing the closing price by the list price for a given transaction. When the outcome is above 100%, the closing price for the home was more than it was originally listed for. And when the outcome is below 100%, the home closed for less than it was originally listed for.

Looking to learn more about housing conditions in your market – and what they could mean for your home sale or purchase? Connect with a local RE/MAX agent today.

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