If Your Home Has Been On The Market For More Than __ Days And Is Not Under Contract, Ask Yourself Why!


If Your Home Has Been On The Market For More Than __ Days And Is Not Under Contract, Ask Yourself Why!
By Scott Rogers • May 10, 2022
Five short (long!?!) years ago -- back in 2017 -- the median days on market was 33 days. That is to say that half of homes that sold were under contract within 33 days and half took longer than 33 days to go under contract. So, back in 2017, if your house was on the market for more than 33 days, you had to start wondering why. Why was it taking that long for your house to go under contract. The same logic applies today, though the timeframe is quite a bit (!!!) shorter. The median days on market is now just five days (over the past 12 months) which means that half of homes are going under contract in five or fewer days and half are going under contract in five or more days. So... if your house is still on the market, and not under contract, a week after hitting the market (gasp!) you will probably want to ask yourself why a buyer has not contracted to buy it yet. Is the price too high? Did you not prepare the house well enough and some aspects of the condition of the house are making buyers less excited about it? Is the marketing of your house selling it short? Or, is there some aspect of your house that you cannot change that will cause it to take longer to sell? For better or for worse, within a week of having your house on the market you should have some very helpful feedback on your pricing, preparations and marketing. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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