12/02/2025
On my way to a listing appointment.
One topic will always be how to initially price the home.
It isn’t just about what we want; it’s about what buyers are willing to pay.
There’s a lot I can’t control - like interest rates or if the perfect buyer had a bad day. But I can look at the numbers:
* New homes listed for sale
* Homes still on the market
* Homes with new offers
* Homes waiting to close
* Homes that have sold
* How much inventory is out there
* What homes are actually selling for
I could take the easy route, give them a high price to make them feel good, let the house sit for months, and then push for a price drop later ( very popular method).
At first glance, the numbers in this neighborhood might seem okay. There aren’t a ton of homes for sale, and the last sale was three months ago. But those two homes still on the market? They’ve been sitting for a while, and both have already had price cuts. I talked to one of the agents, and they are about to drop again.
That sale from three months ago? It’s not much help anymore.
I’ll walk the seller through all this, lay out the facts, and let them decide. My job is to give them the best advice and show what could happen with different pricing choices.