MARKET MOMENTUM HAS A SIGNIFICANT EFFECT ON VALUE
Oversupply – Potential Depreciating Market
More than 4 sellers available for every buyer under contract.
Potential Stable Market
2 sellers to 1 buyer under contract.
Undersupply – Hot Market
Buyers under contract are equal or greater than sellers.
You are one of the best properties based on condition and locaition.
In the first 24 hours, we often expect 100-125 online buyer views on the MLS, and somewhere between 7-10 buyers saving your property as a favorite. In the first week of the listing going live on the MLS, we anticipate a range of 3-5 showings. This usually occurs if the buyer’s agent finds that the property is priced correctly for the marketplace.
BUYERS GET A VOTE
If the online views fall below the expectations, or if the showings are low, the pent-up demand buyers have casted their vote. This usually means the buyers are saying “The price doesn’t match the features.”