Of course every real estate market is different and perhaps things in Ohio are much worse than in NJ, but we are getting ready to list our house and have been talking to Realtors. Around here, houses that are priced fairly have been selling relatively quickly. Of the houses that recently sold in the approx. price range of our house, their days on market were, 65, 17, 182, 18, and 4.
The one that took 182 days was grossly over-priced to begin with and as a result it lingered on the market and got the reputation of being a white elephant. After a series of price reductions, the owners finally were tired of it being on the market and they drastically lowered their price and it sold immediately (at their final asking price) with several offers.
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