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.
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
See chart below.
housing market is hot. If you are not seeing the results you want, sit
down with your agent and revisit the pricing conversation.