Homes for sale in Lititz, PA market report for September 2011 show some important factors. First the facts and figures:
· 35 properties sold.
· 18 properties went under contract.
· 257 properties are currently on the market.
· Absorption rate of 7.34 (amount of properties on the market/properties sold or how long it would take the market to sell all properties at current rate)
Homes for sale in Lititz, PA market report reiterates that properties priced correctly can and do sell. The 35 homes which settled, sold for an average of 96% of list price.
What can you learn as a consumer? If you are thinking of listing your home for sale in Lititz, PA, you must price your home correctly. Having a proper comparative market analysis completed and pricing very competitively is a necessity. Remember, the average buyer does not care how much you have spent maintaining your home over the years. The average buyer is shopping and understands value in this market.
If you are buying a home for sale in Lititz, PA, lose the notion that you are going to easily buy a home for 75-80% of the list price. Homes which are priced close to their actual value are the ones which sell. If you find a home you like, again, having a comparative market analysis completed is a necessity. Offer a reasonable price based on the results of the CMA.
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