what is the average days on the market?

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January 19 2010 - Albuquerque
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Answers (3)

Profile picture for Daves360
Ron makes an excellent point.  The key to selling is being the best value compared to competing homes for sale.  The art of pricing strives to acheive the right price that attracts interest and sells the home in less than the avg time, while not leaving money on the table.  Also, keep in mind that it can be statistically proven that homes that are overpriced from the start typically pay a penalty and sell for less than those that price right from the start.  The best thing to do is to go see the competing homes firsthand and then price yours so that it will be perceived as one of the best values out there.  I can gladly get you in to see your competitors if your goal is to sell your home.
David
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January 19 2010
Profile picture for jessica.reed
It really depends on what you are trying to do. If you want to get out of your house now, you can price it to sell in 30 days. But if you want the full price it could be as much as 90 or more days depending on your area and the condition of your house.
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January 19 2010
Profile picture for Daves360

As of December, the avg days on mkt for homes in Albuquerque (days it takes to sell) was 83.  You can see much more detail regarding our market stats here:
http://www.gaar.com/image ... eport.pdf

Feel free to contact me anytime for more data or analysis of data to help you make any decisions. 

David
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January 19 2010
 

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