15 days is not really a long time in todays market, the average time now is 6-12 months is what we are seeing, if you price it at the right price it could move in 1 day I have seen that happen but its not the norm, if you want go to my site and get a Free market snapshot for your area it will tell you the average days on the market, selling price et.c hope this helps

Wed Mar 26 2008, 03:26

Hi Maddy,

What's your MLS number? We'll do a basic evaluation right here.

-Marc

Tue Mar 25 2008, 19:05

Off the cuff - Sounds like it is not priced correctly.

Tue Mar 25 2008, 19:04

Maddy, in a buyers market there are more houses for sale than there are buyers. There are just too many to choose from. I once had a buyer ask me why all of these nice houses were still on the market. I told her that it was because even though buyers really liked looking at more properties than previously, it is a rare day that buyers are going to look at 100+ houses before they decide. When they see 25+ that is already confusing enough.

Do you have photos on the internet? That is very helpful as well. Buyers do not have to come in to see your condo unless they are very interested from what they see on the internet. A majority of buyers are internet buyers and they do not have to call an agent until they are ready to get inside.

If you have had one showing in 15 days sounds like you are doing pretty good. I know some sellers who would love to be in your shoes!

I hope this information helps! Best Wishes!

Tue Mar 25 2008, 17:54

Hi Maddy,

I understand it is frustrating but a buyer's market means excess in inventory so buyers have a lot more houses to see/consider. That is precisely why your home should differ from the competition, either by advertising more heavily, staging or have it priced very competitively so as to attract more traffic. Good luck!

Tue Mar 25 2008, 17:45

Maddy, is your condo priced competively, or are you still under illusion that it is a seller's market? If only one agent came with one buyer in 15 days, your condo is priced too high. Have your agent do an analysis of comparable properties for you to have a better idea of where the price should be. Good luck!

Tue Mar 25 2008, 17:41

Like Chris said. In a buyer's market, there aren't many buyers. So the few buyers that are out there call the shots. The sellers have to compete for the few buyers.

Many people with condos for sale have no showings at all.

Tue Mar 25 2008, 17:38

Maddy,

That is a fairly common problem. Buyer's market refers more to who is at the advantage in the transaction. The lack of willing buyers jumping at your property is a perfect example of the buyer's market.

Tue Mar 25 2008, 17:18