Welcome to the new market! This is part 1 of ‘YIKES! 15 Reasons Your Listings Won’t Sell’. Now that there arex more listings, buyers have more choices. With more choices, buyers’ agents look for reasons to not show a property, and buyers look for reasons not to buy it, or to simply keep looking.
According to a Forbes report today, active listing inventory in the US is up nearly 31% for the third month in a row. Along with this comes longer days on the market, fewer competitive offers, and more power to qualified buyers.
What causes a listing to NOT sell? Why does it expire? Why does it get deprioritized by buyers or buyers’ agents? Don’t make these mistakes!
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