Please keep in mind that these numbers are pulled directly from the MLS. That means that many new builds will not be counted in this information. The reason behind that is many of the builders don't put their spec homes on the MLS. It takes alot of time, and inventory changes daily.
The best way to deal with a new build/spec is to pound the pavement!
IN-DEPTH ANALYSIS
August 2008
Listing vs. Sales Price
This article looks at the relationship pattern between the Median* Listing Price and the Median* Sales Price.
Commentary
The pattern associated with the size of the expectation gap that started appearing when the median sale price flattened out in June 2005 has significance. Also note that the expectation gap is shrinking.
*The median price is the price at which 50% of the homes sold had a price greater than this number and 50% had price less than this amount.
