Trends
How do days on market impact home sale pricing today?
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Answer
Homes listed beyond thirty days on market tend to face more seller price reductions as demand cools. Listings lingering over two months often accept offers one to three percent below asking price, signaling seller motivation. Extended market time negatively influences buyer perception, lowering a property's value about one percent every two weeks it remains unsold. Buyers benefit by targeting these listings for better pricing and negotiation leverage.
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