How is the rest of your market? Is it just this neighborhood or the entire area that is stagnant? Sounds kinda odd that none of the homes would get a showing unless they are all overpriced drastically!
We've reduced the price and let the listing expire. Re listed even had a group open house in the neighborhood and no one showed up for the open house. The homes aren't over priced all agents with different brokers and we've all run comps in subdivision and area.
Market is slow but were getting calls on all of our other listings.
We are all baffled and frustrated.
I don't care if the house is falling down. If it is priced right it will sell!!! Not that long ago houses were selling with 10% - 15% interest rates. How do you think sellers over came that obstacle? PRICE!
It may not be what the seller wants to hear but it is the truth!
David N. Slavin, ABR www.SellMyHouseDave.com
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