May 2023 Market Update
How’s the real estate market? Naturally, that’s the question I am frequently asked, and because I’m such a data nerd, I usually answer “it depends”.
How Do I Set My Home Price?
Not only does a high price result in fewer buyers looking at the home, but it can also result in a home not appraising even if a buyer is willing to pay the asking price.
The Impact of Price Adjustments
Houses that don’t have price reductions sell much more quickly.
When Average Just Won’t Do
Imagine that someone told you that on average, prices in the county are up 3% from last year. What does that mean for the price of the home that you want to sell? Relatively little.