The Longer a House Sits, The Less It Sells For

The Longer a House Sits, The Less It Sells For

Overpricing your house could cost you more than you think.

Homes that sit on the market tend to sell for less — and it usually comes down to pricing. When a property is listed at or just below market value, it often sells quickly, sometimes with multiple offers. But overprice it, and things stall. Interest fades, and sellers end up cutting the price or accepting less. Today’s buyers are savvy. With market data at their fingertips, they know when a price is off — and many won’t bother engaging with a seller who seems unrealistic.