Opinion Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. This market punishes pride faster than it punishes price. That is my view, and the data this week backs it up. The typical U.S. home sold for $389,601 in the four weeks ending Oct. 25, down 0.1% from a year earlier, according to Redfin. It was the first annual decline in Redfin’s sale-price data in more than three years. Asking prices tell…
MarketNational
Sellers, Your First Price Cut Should Come in Two Weeks. Not Two Months.
Natalie Chen argues sellers should plan an early price review as buyers gain leverage, and compares the costs of adjusting after two weeks or two months.
