Price High?
Price High?
Is your listing priced too high?
The question is a fair one, given today’s real estate market in Greater Cincinnati.
Many sellers are listing their properties above the market. Sometimes properties sit on the market for weeks before dropping the list price.
Data from CincyMLS for the last 7 Days details how many price reductions occurred. And remember, this was a short week with a holiday on Monday.
It’s a new world for sellers who expect bidding wars and over-the-top sale prices.
Price reductions this week were equal to 63% of the number of properties listed. Much higher than in past years.
