We’ve all heard it before: “I’m in no hurry to sell.” While no self-respecting agent should ever under price a home, there is a point where we all know the price is too high. This graph is based on homes sales in Central Virginia shows how days on market affects sales price of homes. If you are a home seller – or even a home buyer – this graph says so much. Price it too high and it will sit – savvy buyers will wait knowing that the longer it stays for sale, the more negotiating room they have. Sellers in Henrico, Richmond, Chesterfield, Hanover, and other localities in Central Virginia – use this graph to make wise pricing decisions.
