The Austin market is continuing to be in a strong seller’s market. In looking at the average days on market until a home reaches a sale, we see the importance of being realistic in the pricing of your property. It’s as easy as 1-2-3. Let us explain:
Depending on your price point, you only have a limited time to “test” a higher price point before being at risk of looking “over priced”. Below is a breakdown of how many weeks you have before being priced too high will make you look stale and out of touch with reality.
1 week – Homes priced $300,000 and under
2 weeks – Homes priced $700,000 and under
3 weeks – Homes priced $1 million and under
3.5 weeks – Homes priced $1 million and up
To be a competitive seller, if you are looking at maximizing your value, adhere to the time tables above to make pricing corrections if you aren’t receiving offers in this allotted time.