House been on the market for a long time? Maybe just a few weeks without any bites? Perhaps you’re just setting yourself up for success when you do list? Whatever the reason is that you’re selling, you certainly don’t want to be on the market any longer than you have to.
In doing research yesterday I came across several houses that have been on the market for more than a year. That’s very unusual in this hot market. Even most markets around the US are seeing a four-month absorption rate, meaning that if no new listings hit the market today, it would only take less than four months to completely eliminate every listing on the market. So, what is up with these houses that have been on the market 300 – 400 days or more?