Asking Price Have Been Flatfor Over 3 Years

If your home has been on the market longer than expected, you’re not alone. Many listings today are sitting longer, and one of the main reasons is overpricing - thinking the market is still like 2021.

Unlike a typical market where list prices steadily rise, prices have actually been relatively flat for over three years. That’s a shift every seller needs to understand.

So why the change? Buyers have more options. Inventory has grown over the past few years, making buyers more selective and careful with their decisions. Simply listing at the price you hoped for a few years ago won’t automatically attract offers anymore.

If your home isn’t getting showings or offers, take it as a signal to reassess. Checking in with your real estate agent and considering a small price adjustment could make all the difference. Sometimes a slight tweak is all it takes to get buyers through the door.

In today’s market, patience alone won’t sell your house. Waiting it out and hoping for the best won’t create competition or urgency. But pricing your home right? That’s what moves it - and moves it fast.