Do You Have a Stagnant Listing?
When a home doesn’t sell, the seller is always left with one key question: Why? Today, I’ll break down some potential reasons.
Nearly 1,500 homes are selling each day across the country and almost 40 per day are selling here within the Miami Valley.
Some homeowners have been patiently waiting to get the price they originally listed when they put their home on the market for sale.
However, something these homeowners might want to consider is that their pricing is off.
The National Association of Realtors recently revealed that the supply of homes currently on the market is at just 4.2 months. Six months of supply is considered a neutral market, meaning we are currently seeing a depleted level of inventory.
“In this market, you need to be competitive to attract multiple offers. “
Nevertheless, we’re still seeing many homes sit on the market for long periods of time. Why is this? Well, the answer is simple: Buyers are looking to get the most for their money.
When a home is cluttered or doesn’t otherwise meet expectations, buyers aren’t going to see the value a seller may believe their home to have.
However, if a home that is clean, updated, and decluttered still isn’t selling, the issue may be that the price is too high. In this market, you need to be competitive to attract multiple offers.
If you are still unsure of how to price your home, my team and I would be happy to help by providing you with a professional, no-obligation consultation.
If you’re interested in talking with us, have any other questions, or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.