Learn About Selling Your Home > Tip 10: Make Price Adjustments Quickly Based on Showing Traffic

Top Tips for Sellers

Tip #10
Tip 10: Make Price Adjustments Quickly Based on Showing Traffic

Insufficient showings means your home is overpriced. In our market, if you get three or fewer showings in the first 30 days, the market is telling you your home is overpriced by at least 10%. If you get between 4 and 12 showings, you home is 4% to 7% overpriced. If you get 12 or more showings in the first 30 days, but no offer, your home is about 3% overpriced. For higher-priced or very unique properties, you should expect slightly fewer showings, but the conclusions remain the same. Adjust your price immediately. The longer your home is on the market, the lower the eventual price will be.

 
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