Frequently Asked Question
Quick Answer
The clearest signals are days-on-market relative to comparables, price history showing prior reductions, and what your agent's CMA indicates the home should be worth. If a home has been listed for 45 or more days in a market where comparable homes are selling in two to three weeks, it is almost certainly overpriced.
The clearest signals are days-on-market relative to comparables, price history showing prior reductions, and what your agent's CMA indicates the home should be worth. If a home has been listed for 45 or more days in a market where comparable homes are selling in two to three weeks, it is almost certainly overpriced.
This answer is part of a longer article by Pam Heinold:
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