Quote:
Originally Posted by BrianL99
Home sales are up month over month for January 2024 and trending up, year over year, from 2023. United States Existing Home Sales
If you lowered your price by $50,000 and haven't sold, you were way over-priced to begin with.
Plenty of people are buying, some of the folks selling, seem to be unrealistic about their home's worth in the marketplace. Lower your price another $50,000 and you'll probably sell it tomorrow. |
An average is not a good tool to use. In the Villages, some owners paid $500,000-$800,000 for their home. They are now selling at 1.2 - 2 million dollars. This skews the average cost of a home upward. You have to look at the median price of YOUR STYLE of home to determine its value. This is what realtors and appraisers do.