It may be a buyers market, but buyers are negotiating a lot less off list prices than you may think.
To find out how much the majority of Chicago home buyers were recently able to negotiate off list prices I looked at all Chicago home sales in the past 6 months. This included houses, condos, townhouses and co-ops.
I filtered out those sales where parking was included in the sale price. For those of you not familiar with the downtown and near downtown real estate market in Chicago, parking spaces are often priced separately, but often negotiated into the final sale price.
The result was that 50.2% of sales were for a sale price that was 96.0% of the list price or higher.
If you would like to get better results than the majority of Chicago home buyers, call (773.793.4516) or email me. Last year my buyers averaged sale prices that were 94% of list prices!