Hi Dee,

Time on market depends on price. Overpriced homes do not sell and stay on the market forever.
Well priced homes sell rather quickly.

It is important to note that there are homes "in the market" and "homes on the market". If you want to sell, you must be IN the market and price accordingly.

Here is summary comment; I agree with the other posts. It all boils down to price and condition of the house. For example, if you do not want to hire a professional stager or paint the house, or change carpets, then you would have to make changes to price to reflect the condition. On top of that you need to get familiar with the competition (the other houses for sale). If you price above the competition then you would end up not selling.

Get 2 to 3 market analyzes, and not just go for the highest priced. Instead interview the agents and ask how do they come up with that price. Going on open houses is a great idea to get a sense what you are running against. Better yet, ask the agent you choose to take you on tour before settling on a price - I call this hands on market analysis.

Need some help? Just send me a note.

Dee
There is a lot of new construction competetion in your area and builders are selling with little or no profit
which affects the resale market. The price, market time of your home is dependent not only on this
but on the condition of your home. A comprehensive market analysis can give you a good ballpark of
ultimate selling time and price. There are many homes that due to the present market have been listed
much higher than a realistic sales price and have been undergoing consistent price reductions. The
best comparables for your home will not only mirror the style/amenities/square footage of your home but
will be recent and listed at market value without price reductions. Homes that have reduced their asking
prices prior to receiving an offer do not give a true reflection of market value. I would contact at least 2 agents
and maybe 3 to do a market opionion on your home, have a pre-listing building inspection and make sure
your home has been professionally staged to get the optimum price in the least amount of time. I would also have the agent you choose take you on a tour of the other homes so you can see first hand what your
competion is. With such a great market in the previous years many sellers have not made the preparations that sellers in other states do as commonplace before putting their properties on the market. I had a transferee from Arizona about 13 years ago and before putting their home on the market they painted the interior/exterior, spruced up the landscaping, put new counters in the kitchen, refinished the hardwood floors and staged their home.
Mary

Hi Dee - I agree with James - it really is about price as to how fast they are selling. You should get a couple CMAs and try to look as attractive as possible to a buyer - there is a lot of competition:)

Good luck!

what relevance does the discount broker have to do with it? ... nevermind the fact it was listed for nearly $390K when it first came on and was sold contingent for nearly 4 months. Another place sold in March with a non-discount broker and took 274 days. ...so not sure what relevance your discount broker comment has (barbara).

Dee, if you're looking to sell, it's all about your price and how well your house is kept up/remodeled and of course your location. Cute homes priced in the $300K- $325K range (around 1200 sqft) have been flying off the shelves the last month or so.

the last home sold for 290k and was on the market for 307 days with a discount broker.

the median days on market is between 3 and 4 months.
median price is about $320K