Denver home sellers are missing the mark on listing price

According to a recent article in The Denver Post, more home sellers are having to accept offers below their original listing price. Some points to note:

  • Jill Schafer, chairwoman of the market trends committee says ““If you aren’t getting offers in the first two weeks, time to make a price adjustment.”
  • DMAR’s counts show that only 17.3 percent of the homes sold in January went for above the initial list price, while 60 percent went under it.
  • A listing that stumbles out of the gate can prove costly in money and frustrations. Listings that linger are at first viewed as stale, then not worth bothering with, and eventually as defective.
  • Schafer said there remains a strong seller’s market for homes under $450,000 and properties closer into Denver. Those are the most likely to still get offers above the list price. Move higher up in price or further out into the suburbs, and buyers have more power.

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