With the current state of the market, we advise sellers to list their homes close to their true market value.
Market statistics show that when a property accepts an offer between 0-14 days on the market, the sales price on average is 2% higher than the original listing price by likely creating a multiple offer situation.
In contrast, when a seller starts with an aggressive price but accepts an offer between 15-75 days on the market, the average selling price is actually, 3% less than the original asking price.
This statistic and market fact is important for sellers to understand as they create their unique strategy for selling their home.