Orange County Housing Report | Pricing Matters

Longer market times and price reductions are very strong indicators that sellers will net less upon closing.
Price is ultimately the most critical first impression of a home. Sellers only get one shot at this first impression. After the initial ten days of coming on the market, most seasoned buyers have seen the home. Some decide to tour the house, yet others, after considering all the details, decide that their “phone tour” is enough and they are not interested in pursuing it any further. The longer a home is on the market, the less fanfare and excitement the property receives. Even if a seller reduces the asking price down the road, it is not met with eager buyer anticipation and enthusiasm. Currently, 27% of today’s active listing inventory has reduced the asking price at least once. The data illustrates that lowering the asking price or stubbornly waiting to get a price is not the best strategy.
To view the complete Report and Charts, join our free Housing Report email list: bit.ly/housing...
Doug Echelberger | DRE 01176379
Inhabit Real Estate
#RealEstate #OrangeCounty #HousingMarket #HousingReport #MarketReport
SUBSCRIBE to the Echelberger Group RUclips channel:
bit.ly/3iKwDl9
Search Luxury Homes for Sale in Orange County near San Clemente, California: www.echelberger.com/properties/sale
Follow @EchelbergerGroup
Blog: echelberger.com/category/blog
Instagram: echelbergergroup
Facebook: EchelbergerGroup
Linkedin: bit.ly/3Q1RUG3