asking price

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asking price

Commerce the price suggested by a seller but usually considered to be subject to bargaining
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Rightmove predicted national asking prices would at best remain flat in 2011 but could fall by up to 5% because of forced sales and if a rise in repossessions leads to "distressed sales" by lenders.
Asking price reductions by New York City co-op and condo owners dramatically increased during the second quarter, an indication that a price softening could be in the offing, says Marilyn Harra Kaye, president of MLBKaye International Realty, one of the city's leading residential brokerage firms.
Asking prices usually see a bigger autumn bounce at this time of year - typically increasing by 1.6%.
"Setting tempting asking prices and then quickly reducing them if there is little initial interest will be key to turning this promising level of buyer activity into actual sales."
Rightmove said a home's average price tag is now PS317,281, marking the second month in a row asking prices have hit a new record level.
However, Wales saw the biggest monthly decrease in asking prices in September, with a 1.9% fall taking the average asking price to PS177,077.
In Birmingham asking prices were 19 per cent higher than average values while in Smethwick they were 18 per cent higher and in Sutton Coldfield they were 16 per cent higher.
Rightmove saw asking prices increase by 1% month-on-month across England and Wales in January to reach PS243,861 on average, marking the biggest monthly jump it has seen for this time of year in records going back to 2002.
This has been the strongest start to the year since 2004 in terms of asking prices, with average prices rising by 9.1% or more than PS20,000 in 2013.
These promising results conceal the drop in asking prices in the ailing regions of Wales, the North West and Yorkshire and the Humberside over the last year, with falls of 1.5%, 1.2% and 0.2% respectively.
The report by property website Daft.ie is based on asking prices - between June and September - rather than actual selling prices.
The jump seen during the four weeks to February 6 was the biggest increase in asking prices for homes in England and Wales since April 2007, according to property website Rightmove.