The Roseburg real estate market has been booming again, and if your home still hasn’t sold, chances are it’s the price!
The listing inventory is lower than it’s been in years, home sales are skyrocketing, and the average selling price in the Roseburg area is up 7.7% over last year.
All that to say this…
If Your Home Still Hasn’t Sold, Check The Price
If your home has been on the market longer than 45 days, with only low or no offers, you need to seriously step back and consider the listing price.
Truth is, pricing your home even 10% above market value drastically reduces the number of potential home buyers who will look at your home, and dramatically lowers your chances of getting the best price.
According to the National Association of Realtors (NAR), about 60% of the potential buyers in a given price range will look at a home that is priced right at market value.
That’s not all they report. Homes Priced:
- 15% under market value: Get an estimated 90% of the buyers to come look.
- 10% under market value: Get an estimated 75% of the buyers to look.
- 10% over market value: Get only 30% of the potential buyers to look.
- 15% over market value: Only get about 10% of the potential buyers to look.