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New Research Shows That Home Appraisals Were Higher Than Sale Prices 57% Of The Time
Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, today released results from its half-year Appraisal Price-Gap Analysis which provides the percent of homes that appraised over or under the sale price or appraised at the sale price (within $2,500.00). In the second half of 2024 (July-December), the analysis shows that home appraisals were higher than sale prices 57% of the time, up from 53% in the second half of 2023; 8% of homes were under-appraised, a year-over-year decrease from 12%; and 36% were appraised at the sale price, as compared to 34% in the second half of 2023.
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