When should a seller adjust the price of a home?
The answer shouldn't automatically be “after X number of days.”
Showing activity, buyer feedback, competing inventory, recent sales and the seller's objectives can tell us much more about whether the current strategy is working.
In today's more selective Metro Detroit market, the strongest approach is to establish a plan for interpreting buyer response before the listing goes live.
Read my latest Market Insight to learn what sellers should watch.
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