As always, pricing your home to sell is key. The market is changing month to month. 63% of homes have to have a price reduction, which means that their original list price failed.
People want the best looking house on the sale rack. There is no “trying a price for a couple weeks.” If you list your home for sale and sell without making a price reduction, the average percent sale to list price is 97.4%. If you have to have a price reduction, the average sale to list price is 79.2% of original asking price. (2nd Q data collected from multiple mls areas and supplied by Chuck Karr.)
Let’s hear about your experiences with pricing your homes to sell. Use the comments section below tp tell about your experience or ask questions. I know we’ve all had those stubborn clients who insist on listing the home too high and end up shooting themselves in the foot for being unrealistic with the price!