How Do You Know if Your House is Priced Right?

November 7, 2015 Posted by Matt

How do you know if your house is priced right?  The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?

If your house hasn’t sold, it is probably the price.

If your home is on the market and you are not receiving any offers, look at your price. If you haven’t had any showings it is another  indication the price might be too high.  Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. (See Chart)

how do you know if your house is priced right


Bottom Line

The housing market is hot. If you are not seeing results you want, sit down with your agent and revisit the pricing conversation.

Are you considering selling your home?  Call me today and I’ll provide a FREE market analysis for your home. We will review information about other houses currently on the market in your neighborhood that are similar to your home.  Additionally we’ll touch on other houses that have recently sold and at what price and how they compare to your home.

What’s happened lately in Collier County and Lee County?


Matt Klinowski – Golf Community Real Estate Expert – 239-370-0892