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What is the average number of showings before an offer is made?

Wed Feb 27 2008, 09:27 - 06382 - Home Selling - 15 answers
 
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Chad
Home Seller
in Connecticut
Chad, Home Seller in Connecticut in Connecticut
Answers (15)
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Rose Diciacco… was FIRST TO ANSWER
I wouldn't say that there is an average. It depends on market conditions in your area. If buyers are buying homes in your area and you are seeing similar properties are getting offers and going to contract then I would say an adjustment to price may be necessary.

In a stable market if I have 20 showings on a listing of mine and there are no offers or very low offers it usually tells me that I need to do some statistical work, carefully check the feedback from the agents who showed the property, analyze if something about the house itself needs to be corrected or last resort, see if a price reduction is in order.

Tue May 13 2008, 16:41
 
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There is no average. I Have sold homes on 1 showing and I have had homes with 30-40 showings before I got an offer. Every buyer has different taste. For every buyer there is a seller, the two just have to be brought together. The average time on the market is 3-4 months, but the number of showings differ a great bit.

Thu May 8 2008, 14:40
 
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While everyone has an idea, its really geographically dependent. In Cleveland, it is neighborhood by neighborhood. And one buyer can look at 20 homes and still be indecisive while another buyer can be sure that house showing #1 is the only one necessary, and then SOLD! My recent dealings seem to show that 3 showings per buyer on the same house is the maximum needed, but one buyer can see MANY houses! Best of luck to you!

Thu May 8 2008, 12:41
 
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In the average range of from 1 to 100, dependent in part upon the list price vs. the real market price!

Wed Apr 23 2008, 09:06
 
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There really is no "average" to the amount of showings before a home is sold. If the home is priced correctly and marketed aggressively, even in today's market you may experience multiple offers within the first few days of being on the market. Many sellers, for many reasons, are more committed to price than selling. If that's the case, then you can expect to homes to be on the market longer and see price reduction after price reduction, and therefore more showings, until the home is finally sold.

Wed Apr 23 2008, 08:14
 
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Provided the listing is complete with descriptions, photo's & correct pricing, I believe if you have more than 15 showings, something needs to change. You should have an offer within the first 10 showings.

Wed Apr 23 2008, 08:11
 
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Typically in my experience, it's 10 showings. For every 10 showings you should have an offer. If you do not, then you should change something, whether it's price, condition etc.

Wed Apr 23 2008, 08:08
 
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Good question, in my area the average has historically been at about 11 to 15 showings you should have an offer at least, sometimes it can be shorter times others can be longer. Depends on how attractive your property is on the market such as price, terms, conditions and location.

Wed Apr 23 2008, 08:07
 
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As a seller, 13 seems to be the average number...or the number that I get concerned (as an agent)at, if there have been no offers. Every property is different (of course) so there can be mitigating circumstances; location challenges? As opposed to number of showings pre offer being the concern...think days on market. Did you have many showings then they dropped off? Even in a buyers market, initial activity is the best activity.

Mon Apr 14 2008, 15:51
 
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The first question is are you buying or selling? I would really hate to know the answer to this question. while there is probably a midpoint to it, you would find the spread in the population is pretty wide. People often do not buy the first home they look at, but if they have the fever, they will likely look at less than 10. When selling, it all depends on the property. Clean it up, price it right and you should have an offer in less than 10 showings.

Wed Mar 26 2008, 19:45
Web Reference: http://www.ilmct.com
 
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Chad
The stats I have is that the average buyer looks at 10-12 homes. In California I am told NAR says 24. The bottom line is that if your property is not receiving showings or offers, you probably have a pricing problem (although not ALWAYS)
Good luck

Thu Mar 6 2008, 21:21
Web Reference: http://www.beautifulburbankhomes.com
 
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Chad

According to the NAR statistics most recently compiled the buyers of properties see 9 before purchasing.
Since this is an average it may have little meaning to most people.
Interestingly, NAR doesn't publish a similar figure for how many showings a listing may average prior to a sale.
Keep in mind that in the current media barrage of woeful real estate doom and gloom sound bites, any meaningful data from the past has no relavence.

Rob Gorman

Thu Mar 6 2008, 21:02
 
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Hello Chad.. There is really no average. If your property is priced RIGHT for the market and it's good condition and shows well you can get an offer from the FIRST person. If your property has been on the market for more than a month and you have not received any offers or a lack of showings, you probably need to look at price and condition. What has the feedback been from the people who have seen your property, assuming it is listed now? If you have any further quesitons feel free to contact me. Thanks and good luck!

Wed Feb 27 2008, 09:43
Web Reference: http://www.QuinnRe.com
 
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Chad,

It depends on the market and how the home is priced. In today's market things are taking a while longer. It could be hundreds of showings or the right person comes in makes an offer on day one.

If you have a home listed your agent should be keeping you informed of what they are doing to market the home, what the open house traffic is and what the feedback from agents as well as buyers is.

Sheri Dettman

Wed Feb 27 2008, 09:40
Web Reference: http://www.yourresorthome.com/
 
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FIRST ANSWER
You know that is a good question....I showed 2 condos, one which had been on the market for one day and my client made an offer and the offer was excepted!!!!
It is truely depending on giving all the requirements to your agent and the seeing just what you want. With so many homes on the market today I would average a few months on average.
YOU can search thousands of listings just click herehttp:// www.danburyrealestateforsale.com

Wed Feb 27 2008, 09:32
Web Reference: http://www.danburyrealestateforsale.com
 
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