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 has remained strong throughout the
winter as many real estate professionals are reporting bidding wars with many
homes selling above listing price. What about your house?
If your
house hasn't sold, it is probably because of 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
below.
Bottom Line
The housing market is hot. If you are not seeing
the results you want, sit down with your agent and revisit the pricing
conversation.
Expert Advice!
The Militello Team
Joseph Militello (978) 815-3877
Kathleen Militello (978) 500-1480
Vice President of J Barrett & Company
REALTOR
Source Keeping Current Matters!