This week has been a busy one! The recent rate drop has sparked some increased activity in our market.
We’ve been writing more offers for our buyers and going on more listing appointments. Homes priced right are selling, while we’re still seeing price drops on listings that have been sitting for a while.
The chart below is pretty interesting—it shows how price changes are tied to the length of time a home stays on the market here in the Havasu market.
In today’s market, properly priced listings are selling in under 30 days within 99% of the asking price.
However, overpriced homes can sit for 120+ days and face a 4%+ price reduction. With current market conditions, it’s more important than ever to work with an agent who understands accurate pricing.
If you’re thinking of selling, we’d love the opportunity to work with you!
