Why are these listings still here? This a question I have asked myself lately. We are priced at market value for the most part and no grabs. You might think it would be condition because today's buyers want remodeled, turnkey properties, with all the modern bells and whistles. None of this oak cabinet stuff, white appliances or icky carpeting. Yet remodeled homes are not jumping out the door, either.
I felt the twinge in the air last May when every single listing I had needed a price adjustment. Because back then one could push the prices. My method was to establish a maximum market value for the home and then bump it up to knock out some of the lower multiple offers. Those types of listings went on the market Thursday at midnight and by the following week we were in escrow
But not today and not in our fall market and not in a buyer's market in Sacramento. Days on market are going back to normal, the days we forgot about. The days when it could take 30 to 90 days to sell a house, and that was normal. You can read more in my personal blog today at this link: A Look at Average Days on Market in Sacramento Real Estate.