77% of Homes Will Sell Below List Price:

Hey guys,

I know this isn’t what you want to hear sellers, but you may want to get a little more realistic as the new year approaches. Signs of a slowing housing market started this fall and will continue in the first quarter of 2019. This is great news for buyers because you can score a better deal buying now, than buying during spring or summer.

77% of current listings will most likely sell below the original list price at the beginning of 2019.

Although prices have slowed down, they are still up about 5% year over year, according to housing reports.

Sellers who are pricing their homes too high may end up selling for less than they originally wanted or even below market value because they had their home linger for too long.

92% of listings that had been on the market for 2 months or more sold below their list price. I repeat 92% everyone! That’s why as a seller you should be realistic and make price changes immediately if you see no action within the first 2 weeks. That way the last 2 weeks of the month you can give yourself a better chance at receiving an offer before your 30 days. 

I kept this nice and short because I know you’re busy. 

As always thank you for reading, I appreciate you and your time. 

xx

Your favorite stylish REALTOR®