Every house is unique. Some sell within hours of listing on the market, some take months to sell, and some never sell at all. I believe there are three primary reasons why a home does not sell.
<ol>
<li>It is in poor condition.</li>
<li>The house is priced too high.</li>
<li>There exists a poor housing market.</li>
</ol>
If your property isn’t sold within 30 days, a price adjustment should be made!
<table>
<tbody>
<tr>
<th>Sold within:</th>
<th>
<div>Percentage of Homes</div></th>
</tr>
<tr>
<td>1 Month</td>
<td>40%</td>
</tr>
<tr>
<td>2 Months</td>
<td>7%</td>
</tr>
<tr>
<td>3 Months</td>
<td>7%</td>
</tr>
<tr>
<td>4 Months</td>
<td>20%</td>
</tr>
<tr>
<td>5 Months</td>
<td>10%</td>
</tr>
<tr>
<td>6 Months</td>
<td>7%</td>
</tr>
<tr>
<td>7 Months</td>
<td>9%</td>
</tr>
</tbody>
</table>
Statistics are based on National average of homes sold.
