Anytime your house sits on the market longer than one to two weeks has been a good general rule for evaluating your home’s selling price. However, in a hot market, you may know within a few days of listing whether you’re overpriced, based on how fast other homes are selling. The likelihood of reducing the list price increases the longer a house sits on the market. So, if you have reason to believe you’ve overpriced your home, a swift price correction is better than waiting additional weeks. Statistically, the longer your house sits on the market, the lower price you’ll fetch. Check out below to see what sold in Cascades of Northville in August 2022:
18270 Cascade Drive, Northville: 4 bedrooms, 4.1 bathrooms, 3,809 sq. feet, 3 car garage, Sold Price: $780,000
Cascades of Northville Home Sold
August 2022
Ideally, you should only drop the price of your home once, which hopefully sparks a multiple-offer situation. For more information on Cascades of Northville, or similar Northville or Novi neighborhoods such as, Willowbrook Farm, Brooklane Ridge and Chase Farms, contact The DiWiora Team today at 248-505-7728 or jim@dimora.com.