Pricing Strategies in a Shifting Market
The Massachusetts housing market may not have tipped into a buyer’s market, but it’s certainly in flux. So it pays to be strategic and data-driven when pricing a listing.
The Massachusetts housing market may not have tipped into a buyer’s market, but it’s certainly in flux. So it pays to be strategic and data-driven when pricing a listing.
Anyone who has experienced a buyer’s market with few transactions and plunging prices is familiar with the concept of “chasing the market down.” Here’s how to help your sellers from making that terrible mistake.
As states begin lifting stay-at-home orders, how will prices from the pre-COVID-19 market compare to those post-COVID-19 market? More importantly, how can you determine exactly how much prices are changing in your local market?
The rules of pricing properties are changing, yet most agents continue to use the same pricing approaches that agents did 50 years ago. Are you making this costly mistake on your listings?