You mean list to sale ratio? Probably not nationally/regionally. Locally, sure. And it is an important metric.

See your local MLS data for accurate list/sale %

3% from current or last list price to sold price.

Good number if ADOM is less than 45. However that calculation is not based on ADOM.

Such a number do not account for issues of MULTIPLE price adjustments for same property.

However such a number does not account for issues where a house does not sell and is relisted a week later.

However such a number does not account for 'exceptional' real estate that makes all calculations go whacky such as ultra expensive or short sales.

Such numbers will be misleading

However, I do find them useful in validating the CIS Score's accuracy regarding the price for which the house will sell.

Your local MLS provides that information

Check your MLS.

I wouldn't call it error. and it does't address the double ended transactions where a commission break makes it a win/win with the seller netting the same as full price but buyer paid a little less.

Our MLS will provide these stats but am not aware of any national database.

I don't refer to it as margin of error.  Check you MLS for data.

doesnt your mls do this?

Not that I know of, but you can check your MLS and view the list vs. sold prices in different areas.

Our MLS shows what the original list price is and the sales price.

Home stagers play a game of getting top dollar for the house, and even hope to start bidding wars.  I wouldn't label a gap between list price and final selling price as an error.  We stagers prefer to think of it as a reflection of expertise.  (LOL-that doesn't mean it always is!)

I've seen some blog posts on this, usually for limited geographic areas though.

Thanks for clarifying the "margin of error" phrase Vinnie.  That definitely changes my response! 

As to a general study, on the delta between list and sale price, it is really something that is best done on an a micro scale to even an extremely micro scale.  There are some spots in my city, about 10 blocks long that have very unique homes and their delta is almost zero, sometimes a negative delta (paid over list).  At the same time, the city as a whole could be at a 5% delta (just throwing out a random number for sake of discussion).

I would suggest looking at the various state and the national ass. of realtors to see what they have.  I'm pretty sure California has some stats on their site.

This is very good question.

I'm not aware of any such study.  Numbers alone don't always tell the real story in my opinion.   Some many variables come into play.  

There sure is..the local board of Realtors puts that data is as does the Internet

That information is readily available in MLS data in our market.

I get it from the mls.

National averages mean very little...real estate is very local...MLS in each area may be able to give a list to sale percentage which is the number I believe you seek and may vary by city, county and state.

Vinnie Gene Welcome to Active Rain!

I don't think there is, Anonymous. Any study would also need to factor price changes, withdrawn listings that come back at a new price and other things that would skew the data.

Well, these days, if a listing has no offers in first two weeks, it is overpriced or poorly marketed. I believe it is more than 10%.

This will change from one area to another. And what may show as hardly any difference could be huge in another town.

I don't think any sales are "over reported" to our MLS.  We verify with public records

Easily measured on any MLS.

AVm is not an appraisal......

There is no real info on this

sounds like you got lots of different answers- all helpful from the members of Active Rain

If you are not a REALTOR with access to the local data, you probably won't have access to it.  

Check out the market reports that agents do on AR. A lot of them list sales to list price ratios. 

This is sometimes not the result of "error". Market values can change rapidly or subtly over the time period between listing and closing.