Buying A Home
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How long has your place been on the market?
33 days.
Lots of traffic, no offers... Starting to get nervous since we aren't "new" anymore.
Re: How long has your place been on the market?
Approximately 9 weeks, 1 offer after 3 weeks that went nowhere. 30+ showings, all positive feedback except things we can't change. We've lowered the price 2x and just Friday was the last one. Already have several showings scheduled this week.
Hoping for a quality offer soon!
We were on the market 36 days before we got an offer. I worried about not being a new listing as well, and our realtor suggested we lower our price - just a little bit - b/c it pushes your listing out to realtors again as an "updated" listing. We went from 127,000 to 125,000 and after we lowered we got the offer.
Good luck!
What's the average number of days on the market for YOUR area?
Here, IA, it is not usual to see that homes have been on the market for 1+ years. Many new construction - med to high priced - have been on the market for 3 years!
Our home in NJ was on the market for 4 months before going under contract. Our apartment in NYC was on the market for 2 weeks before going under contract.
My Chart My Nest Bio
More than 6 months. Our 6-month contract with our first realtor expired 8/1. We relisted with a new realtor last Friday, 8/5.
I've lost track of how many showings and open houses. I think we've dropped the price four times now. Hoping something happens soon, or we will be renting it out instead of selling.
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Ugh. 14 longass months.
As much as this sucks it isn't uncommon for the area. The economy is horrible and it is a tiny town in the middle of nowhere. It isn't uncommon for houses to be on the market for several years. We are crossing our fingers it will sell before fall comes but there are several foreclosures around us that are priced so low we can't compete. Hopefully once those clear out we will have a chance.
We are in the DC area, which is actually doing really well right now. I think that we are competitively priced, as our neighbors (condo with identical layout and 2 garage parking spaces) sold for over what we are asking in May.
Is it completely ridiculous that I ordered my St. Joseph statue on Monday?
I understand that feeling of being afraid of not being "new."
We had one offer after 30 days that we turned down and then we had nothing for a long time after that.
We eventually got another offer about after about 100 days (which was similar to the first offer we declined) and closed after 120 days (ish).
I don't know if that's super encouraging or not, but it is possible to sell after the "newness" wears off
It just takes that ONE buyer.
Looks like I'm the winner (or loser!) -- 16 months and we haven't had a showing since NOVEMBER! The market sucks, we live in an inner city (not the best area, hence us trying to leave), and we can't lower our price anymore.
The only thing keeping us on the market is pure laziness. With 3 kids -- one being an infant-- I haven't gotten around to telling our realtor to take it off. We know it isn't going to sell &we've pretty much given up!
Yep, that's it's exactly what it's like for us too. Small towns in the middle of nowhere suck for real estate...LOL.