Best of luck,
Century 21 Tenace
Honestly, there is no answer. Buyers right now are looking for bargains. If your home is priced right and in move-in condition, you have the best chance at the quickest sale. You should be looking at what has sold, is under deposit, currently listed and what has expired. All of these will provide valuable insight into what buyers are willing to buy and what they are passing on. As you probably well know, there is a very high level of inventory in Norwich. Buyers are beginning to start looking more seriously now with the weather improving.
I wish you all the best with your sale!
I think you mean look at what has sold. The "for sales" are usually priced too high. My sellers are always telling me about some house that came on for more than it should and telling me their is nicer--and they're right.
If you want to sell your home FAST, give me a shout.
This is also full comparable information...http://www.trulia.com/home_prices/Connecticut/New_London_Cou
It is an interactive map provided by Trulia..
http://realestate.aol.com/Norwich-CT-real-estate Average days on market info for Norwich, more comparable housing trend info...
Hope this helps, Dunes
I am curious, are you moving out of the area?
I have some specific advice for people relocating to new cities.
In general a properly prepared listing, marketed to expose the value and priced right should sell for the most amount of money if it sells in the first 30 days on the market. As home sit on the market they loose value. In my MLS homes that sell within 30 days sell for 100.3% of asking price.
At 120 days they sell for 92.7% of asking price...and that would be AFTER some price reductions. Also, with interest rates low, I'd would price to sell.
The most important seller's criteria is motivation. If you are in a dire situation and must sell, it's a matter of putting together the best price and package...one that will attract interest.
Make no mistake.....the market is not dead but today's buyers are not stupid, they know in most personal situations, they can pretty much name their price. If it doesn't work, they move on to the next opportunity, and so on.
To sell a home one needs to be able to compete on these terms with the asking price being near the same level as short sale and foreclosure listngs.
People are buying, the market is active, and homes are selling. Unfortunately, this activity is in a new market where the competition is homes that are seriously discounted.
The lackluster answer I have for you is...it depends! I appreciate that offers little comfort but the three biggest things to consider are location, price and condition. Then there are the additional variables like economy, competition, marketing and available financing--but still today property sells if it is priced right for its location and condition.
The statistical numbers are from 144 to 181 days on market but you should know the statistics are averaged and not completely reliable (based on relists)--so don't put too much stock in them. Get a thorough CMA which focuses on sold comparable properties and that should give you a better approximation of time.
I wish you success!