The residential housing market has been stable & hot in many parts of the country. Home sales have bounced back solidly and are now at their second highest pace since February 2007, nationwide. Demand remains strong going into the winter. 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. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house.

Bottom Line

The housing market is strong and interest rates may be on the rise.

If you are not seeing results you want, revisit the pricing conversation.