Want to Sell Your Home? Lower Your Price (agents, prices, points)

[saltzman143]

(i guess this doesn't apply to desirable areas)

Want to Sell Your Home? Lower Your Price - BusinessWeek

[crazyma]

am having a déjà vu moment here...LOL... anyone else??

[MsFancyPants]

Did I miss it? San Diego isn't on there? We're always on there!!! YAY! We're not on there!!

[saltzman143]

LOL! YAY!!! Just goes to show that the desirable areas are not buyers markets....But I thought this article made some good points about the psychology of price reductions as well as the breakdown of how many listings have had reductions, etc.

[middle-aged mom]

Originally Posted by MsFancyPants

Did I miss it? San Diego isn't on there? We're always on there!!! YAY! We're not on there!!

The list acknowledges the top spots where a meaningful number of unsold homes have not reduced their prices.

The data is hosed because repositioning is just as likely to appear as a new listing as it is a price adjustment. Too bad there are no national averages on the number of new listings that are reguritated stale donuts.

It fools no one. Agents know and so do serious buyers focusing on specific market segments.

[MsFancyPants]

You can follow me all over this forum and try to convince me that somehow I should be quaking in my boots about my area, but it ain't gonna make me do it, MAM!! LOL!

[middle-aged mom]

You do not have to sell. No reason to quake.