It Is Still A Good Market…
The last time we saw this much inventory was July of 2017. The 24 sales we had in July of 2024 happened in an average of 28 days. Furthermore, 11 of those 24 sales sold at or above asking. In what I call a good market, homes sell within 30 days if they are well priced, show well and are well located. So, when I say it is a good market, I mean for the homes that meet those criteria. In other words, good pricing is very important in this market. Almost half of those who price their homes right are getting their full asking price or more in an average of 28 days. A homeowner cannot change their location, they can or will only change their condition as much as they think they can get their money back on. So, the best thing they can do to make sure they make the sold list is to price their home well.
It is not an exact science and pricing is not easy. It takes experience to get a home priced properly. If you are looking for a team with the experience to price your home correctly or to advise you on whether a home you want to purchase is priced properly, we have over 40 years of experience. Give us a call, we are here to help.
Your call to The Bridge Team at 303-331-4562 will be warmly received.
