The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?
If your house hasn’t sold, it is probably the price.
If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. (See Chart)
The housing market is hot. If you are not seeing results you want, sit down with your agent and revisit the pricing conversation.
From Keeping Current Matters http://ow.ly/UeNlf
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Re/Max infinity. Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on October 22nd, 2017 at 1:47pm MST.