What does “Days On Market” really mean?
Well, we all have most likely asked our agent: “What is wrong with this house? It has been on the market for so long.”
The answer is nothing. The problem with the house is that the price is most likely too high. When you and your agent price a home to high you are doing yourself harm. There is nothing worse for the sale of your home then having it sit on the market. Often, the more days your home sits on the market, the lower your sold price will be.
I can’t stress this enough, Price Your Home to Sell. If you price it right your home will be sell quickly. You might even have multiple offers. There is nothing worse than pricing your home high and chasing the sold price down! I think it is important that you get an agent that you trust, can work with, and who knows your market!!