Average difference b/w asking price and sold price for area

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Hi there BP, this is my first post! I'm asking if anyone has a good process for determining the average listing price and the average sold price of homes in a particular area. I'm getting started in real estate investing and I want to learn the best practices of making offers and feel this information would be helpful. Thanks in advance!

Hey @Mike Marra , welcome to the BiggerPockets forums! This is a great thing to learn, and also a golden opportunity to interact with some real estate agents and vet them. Most local MLS boards put out regular data about list price/sold price ratios and average days on market(for example my local MLS board publishes this data monthly).

If an agent is aware of this data, or doesn't know how to find it . . . cancel.