If Your Home Hasn’t Sold Yet… Definitely Check the Price!

    If Your Home Hasn’t Sold Yet… Definitely Check the Price! | MyKCM

    The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

    If your house hasn’t sold, it could be 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.

    If Your Home Hasn’t Sold Yet… Definitely Check the Price! | MyKCM

    Bottom Line

    The Novi, Northville, South Lyon and Plymouth housing market is hot. If you are not seeing the results you want, it is time you revisit the pricing conversation with your current agent or you can contact us anytime.

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