what is the average number of days on the market in the 15317 area? the house is priced to sell at $285,000.

Home Seller
Home Seller
Cecil, PA

what is the average number of days on the market in the 15317 area? the house is priced to sell at $285,000.

Answers (2)
Mary Fasnacht,...
Stager
Pittsburgh, PA

The average days on market in our area in your price range varies fairly widely. Basically there are three key factors that contribute to how fast your home sells--location, price, and condition.

Obviously, your location can't be changed. And hopefully, you are priced well for the current market conditions.

Beyond that the most important factor is your condition. Today's buyers are looking for a move-in ready, up to date home that they connect to emotionally and that feels like home for them. They shop with logic and buy on emotion. Today's buyers are also shopping online first (over 85% of them) so you need to make sure your online pictures show your home to its best potential.

You should consider consulting a professional home stager to help you fine tune the presentation of your home so that your property looks its best. Based on the statistics, effectively staged homes sell faster and for a better price. Professional home staging is an excellent way to set yourself apart from your competition. Once you've completed the staging recommendations, make sure you have your realtor put updated photos on the MLS (many stagers provide you with digital "after" photos as part of their staging services).

The investment for professional home staging advice is minimal, invaluable, and much less than most price reductions. If you are interested in specific statistics on home staging, visit the Real Estate Staging Association website.

If I can answer any specific questions about home staging, please feel free to contact me.

I wish you the best of luck in the successful and quick sale of your home!

Mary Fasnacht, Feels Like Home Interiors, Home Staging Specialist, Peters Township, PA

Mon Jun 15 2009, 14:40
Terrence Charest
Agent
Willow Grove, PA
FIRST ANSWER

House price is very important. Let's say that there are 15 other homes in your area which are very similar, if not identical, to yours. Let's say there's a buyer with those 15 homes listed. Where is your home on that "Homes To See" list? If your property is being offered at the highest price, it will be the last one show.

Have you updated the kitchen and bathrooms recently? That put your home higher on the list. Are you offering seller's assist? That will put your home higher on the list.

There is also something called the Absorption Rate. You take the number of active home on the market and divide that by how many homes are being sold per month and this will give you how many months it will take to get all those homes sold WITHOUT any more homes coming on the market. So if there are 3 homes being sold per month and we divide that into 15 (number of homes on the market), you would get 5 months. So your home would be sold within five months IF no other homes come on the market like yours.

Of course, we all know that homes come into the market every day. And if your home is the highest price, it may not get sold because of the homes continuing to come on the market.

Hope that helps,

Terrence Charest, e-Pro

PS Get with a local real estate agent to get your average you need. I am assuming you are not working with an agent. If you are, then they can answer this.

Fri May 8 2009, 06:35

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