From KCM (Keeping Current Matters) come the following statistic and analysis: that 13,808 houses sold nationally yesterday, that 13,808 houses will sell today, that 13,808 houses should sell tomorrow, 13,808 should sell the day after, etc.
With a really active market in the Charlotte metro area in December and January (209 agents in my company wrote 1,000 contracts between January 1st and January 27th, equating to almost 5 contracts per agent), if your Charlotte area home has been on the market for at least 30-45 days without a contract you may need to be asking yourself and your agent why your home has not yet sold. Could it possibly be due to your pricing strategy? Homes staged right, marketed right, and priced right are selling quickly. If your home is staged and marketed right, you may be looking at a poor pricing strategy to get your home sold.
Read on to see why KCM recommends that with the spring selling season right around the corner, you may need to be reviewing your pricing strategy to get your home sold before you're competing with many more new listings.
"There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.
After all 13,808 houses sold yesterday, 13,808 will sell today and 13,808 will sell tomorrow.
That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.04 million. Divide that number by 365 (days in a year) and we can see that, on average, over 13,800 homes sell every day. The report from NAR also revealed that there is currently only a 4.4 months supply of inventory available for sale, (6 months inventory is considered ‘historically normal’). That means less competition for buyers who are out in the market now, but more houses will hit the market soon with spring right around the corner.
We realize that you want to get the fair market value for your home. However, if it hasn't sold in today's active real estate market, perhaps you should reconsider your current asking price."
Source: Keeping Current Matters
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
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