Jay Singh, Home Seller in Shelburne, NH

What is the average time homes are sitting on the market prior to being sold? Does it make the home "stale"?

Asked by Jay Singh, Shelburne, NH Sat Jan 10, 2009

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The average for most of NH is 108 days. Some towns and cities are lower or even higher. When thinking of selling your home the DOM should not be used to make a decision. Pricing your property properly is the best way to get the advantyage over any other similar listed homes. By getting a brokers price oppinion or appraisal. You can guage what your house is worth and what you should pirce it at. Of course those priced at or below todays market value will sell before those overpirced. You have to think... with a 108 day average there are houses selling in 30 days while others stay around for 186 days. Price it right from the start for a quicker sale. I hope this helps.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sat Jan 10, 2009
Hi JS,

You ask, What is the average time homes are sitting on the market prior to being sold? Does it make the home "stale"?

Questions of this type remind me that all sales are made locally. So the data you seek is in Shelburne, and you might want to ask your local Realtor. In answer to the 2nd part, would a home become stale? Yes, absolutely.
And a stale home doesn't get the showings it deserves. Buyers have seen the photos, Realtors have brought people past, and they have rejected the house probably for price considerations. Now when you lower the price, they recall that house and can't remember why they didn't like it.

If a house gets stale, do two things. Lower the price and CHANGE ALL THE PHOTOS.

Good luck,

Dane Hahn
1 vote Thank Flag Link Sun Jan 18, 2009
There are several things that go into this answer. First of all location. If a listing should go " stale" the reason may mainly be that it was over-priced to begin with. As a rule I tell my clients if you truly want to sell your proeprty it needs to be priced correctly in the very beginning. a REALTOR can provide a CMA that will show other properties in the area that have sold within a time range, listings that are curretnly on the martket similar to yours etc. In a buyers market it is very important that your home is priced correctly in the beginning as if it sits over-priced for to long the listing gets over looked. especially theses days when buyers use the internet agressively to look for properties. Buyers are very educated and research the market themselved, so I would say the main reason we find a listing goes stale is the price has never been adjusted down and was over-prcied in the beginning. There can be other factors such as condition, repairs etc. All that can be addressed by having a REALTON provide a market report for you on your property!!!
0 votes Thank Flag Link Wed Jan 28, 2009
A market analysis will provide the best estimate for DOM for your specific house. In it, an agent will not only discuss how much and how quickly 3100 ft colonials are going for in Shelburne, but also discuss with you what it is about you house that might make your home sell soon or later than avg. Feel free to contact me directly.

Pike

Pike Porter, Realtor
Century 21 Jack Associates.
0 votes Thank Flag Link Sat Jan 10, 2009
I forgot to mention we live in Shelbune, VT our house is a 30 year colonial in excellent condition - less than half an acre with 3 levels and 3100 sq feet with a man cave to die for. We are contemplemating selling and moving back west but hesitant given the market condition.....
0 votes Thank Flag Link Sat Jan 10, 2009
Average days on market is different in each subdivision, city, and state. Luxury homes are slower vs. other homes that carter to main stream of average home buyers budget. During Sept - April is slow for any home on market not many families are wanting to relocate while children are attending schools. Other areas of town can sale much faster. Each area of town in a community has its own sales history a listing agent can assist in determining those numbers of sales posted in MLS.

GOOD listing agent knows how to refresh listing
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sat Jan 10, 2009
JS

"Average days on the Market" varies from one location to another. REALTOR magazine justposted an article with the national statistics for inventory of homes presently at a 9.9 month supply.

This information is not the same as "average days on market" but it does provide an awareness for the national invetory of homes.

Good luck
0 votes Thank Flag Link Sat Jan 10, 2009
What town?

Lee P. Johansen
Better Homes and Gardens
The Masiello Group Real Estate
72 South River Road
Bedford, NH 03110
Cell: 603-315-0739
Fax: 603-628-6300
Office: 603-625-2800 X310
E-Mail: Lee@LeeJohansen.com
Web: http://leejohansen.com/
http://www.masiello.com/
Licensed in New Hampshire
__________________________________

OH BY THE WAY
I'm never too busy
for your referrals
0 votes Thank Flag Link Sat Jan 10, 2009
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