If you’ve ever sold a home, you know that your list price is important. It can be the difference between multiple offers and a home that sits on the sidelines while other available homes sell more quickly. These days, according to a new analysis from the National Association of Realtors’ consumer website, sellers are learning to price their homes right for the market after a period of increasing price cuts – a sign sellers hadn’t yet adjusted to a cooler market. Jake Krimmel, senior economist at Realtor.com, says where homes are priced right, buyers are showing up. “Buyers have been sidelined but they haven’t disappeared – they’ve simply been waiting for the right conditions,” Krimmel said. “In the metros where sellers have come to market with realistic prices, buyers are showing up. That supply-demand-price alignment is what separates a dynamic market from a stagnant one, and we’re beginning to see it take hold in a meaningful way.” (source)
