1. If your home is not being shown, it means that agents think your price is too high.
Recommendation: A significant price adjustment. (10%)
2. If your home is being shown, but you are not getting any offers, it usually means that buyers are bidding on other homes that they think offer more.
Recommendation: A moderate price adjustment. (5%)
3. If your home is “in the running”, but the buyers buy another, or if they view your home a second time, then buy another home – it usually means that you are close to receiving an offer.
Recommendation: A minor price adjustment.
According to the National Association of Realtors®, if a house is priced correctly the owners should receive one offer for every 10 showings. In our market, the number of showings that your home should receive weekly depends on the price range.