Length of time on the market

[oh come on!]

days on the market does not always mean overpriced.

like someone above said, it could be a number of reasons. Could be that buyers are just not shopping. In my town, the investors went on a shopping spree in 2013 and hoarded a bunch of properties to tear down and build McMansions. This year, they're not buying, so it's taking much longer to sell.

There are a lot of "don't really have to sell" people. For example, there's one seller in my town who listed a $3,000,000 house for 2 years. It's finally pending sale. There's nothing wrong with the house. He just said 'no' to all the other low offers, and finally someone came along and found the house a good fit.

[cjmeck]

In my area, yes, that would mean the house is overpriced. But every market is different.

[oregonwoodsmoke]

Originally Posted by tom1944

If a home has been listed for over 100 days .......

100 days on market is not a long time. I wouldn't be wondering why it didn't sell until after it had been on the market for 6 months.

Even in hot markets, it will only be a specific type of house in a specific price range that buyers are fighting over. Every other property follows a more normal time frame.

[KennethAuyeung]

It is not exactly like that, it is dependent upon various factors like current market prices, timing and what an agent is telling customers about the house, sometimes it is also a matter of sellers wist to sell a house or not.