The median percent of sales price compared to original list price measures how close homes are selling to their initial asking price. It is helpful in displaying the balance of power between buyers and sellers in the market.

This metric is calculated by dividing the final sales price by the original list price and is expressed as a percentage. For example, if the median is 100%, homes are selling right at their asking price. When it's above 100%, such as 103%, it means the typical home is selling above the original list price, indicating a competitive seller's market where bidding wars are common.

Conversely, a median below 100%, like 97%, suggests homes are selling for less than originally asked, signaling an opportunity for buyers to gain a better deal.

This figure helps buyers understand how aggressively they need to offer and whether they should expect to pay over asking. Home sellers can use it to set realistic listing prices and best time when to list their property for sale.

If a seller is planning to list during a period when homes historically been under 100%, they know they may need to negotiate down or take a price reduction before selling.