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 has remained strong throughout the summer as many real estate professionals are reporting bidding wars with listings actually selling above listing price. What about your house?
If your house hasn’t sold, it is probably because of the price. If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.
The housing market is hot. If you are not seeing results you want, sit down with your agent and revisit the pricing conversation.
The Adam Merrick Team is dedicated to putting our experience and local knowledge to work for you in all steps of your real estate transaction, from start to finish. We are one of the most respected teams for buying and selling in Peoria area. Whether you are buying or selling a home in Peoria itself, or one of its convenient suburbs such as Bartonville, Brimfield, Chillicothe, Dunlap, Eureka, East Peoria, Elmwood,Farmington, Germantown Hills, Hanna City, Mackinaw, Mapleton, Metamora, Morton, Pekin, Peoria Heights or Washington.
We are the number 26th team in the country ranked by The Wall Street Journal. We are the number 1 team in Peoria. We know the areas very well and can direct you to right neighborhoods for the lifestyle want and budget you need.