The gap between the listing price for a property and the actual closing price continues to narrow in the U.S., with a growing number of sellers able to get more 98% of the listing price, a study from ZipRealty found.

"A limited inventory of homes on the market, combined with the extremely low cost of mortgage financing, has resulted in homes selling above asking price in many Western markets, boosting the average listing to closing price ratio," explains Lanny Baker, CEO and president of ZipRealty.

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