Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, January 7, 2011
This can be a deceiving graph....
In many ways, this graph would suggest that all homes sell. Thus, if you list your home --- there is a 61% chance it will sell in the first six months of being on the market --- but if it doesn't, it will definitely sell within two years. That's not how it works. The graph above is showing the length of time it took to sell the homes that actually sold.
One of my clients asked me a rather interesting question this week --- how many homes don't sell? I haven't figured out a very good way to determine that through our MLS system, but here's one look at it.....
Over the past six months, in Harrisonburg and Rockingham County, 478 homes have expired out of the MLS, or have been withdrawn from the MLS. That's a pretty significant number since there are only 780 active listings on the market right now.
Listing your house for sale does not guarantee that it will sell. Appropriate pricing and creative, pro-active, aggressive marketing can help -- but there is still no guarantee. And it seems that plenty of homes just aren't selling these days!
In many ways, this graph would suggest that all homes sell. Thus, if you list your home --- there is a 61% chance it will sell in the first six months of being on the market --- but if it doesn't, it will definitely sell within two years. That's not how it works. The graph above is showing the length of time it took to sell the homes that actually sold.
One of my clients asked me a rather interesting question this week --- how many homes don't sell? I haven't figured out a very good way to determine that through our MLS system, but here's one look at it.....
Over the past six months, in Harrisonburg and Rockingham County, 478 homes have expired out of the MLS, or have been withdrawn from the MLS. That's a pretty significant number since there are only 780 active listings on the market right now.
Listing your house for sale does not guarantee that it will sell. Appropriate pricing and creative, pro-active, aggressive marketing can help -- but there is still no guarantee. And it seems that plenty of homes just aren't selling these days!
