Impact of a "Stale" Real Estate Listing How long does it take for a listing to be considered stale? That all depends. The timeframe varies by market conditions and property type, but generally, a listing may be considered stale if it hasn't sold within a few weeks to a few months, significantly longer than the average for comparable properties in the area. One of the biggest problems, especially after coming off a hot sellers market, is a stale listing. It is frustrating for sellers and agents. The reason a listing becomes stale is almost always price. Remember price overcomes all objections. If you start your listing out too high (I mean way too high) you are almost certain to create a stale listing. In real... Read more
Category: Sellers Market
What are the Signs It’s a Buyers Market?
Signs of a Shift Towards a Buyer's Market in Real Estate? (Not Just Yet Buyers, Sorry) Identifying a Buyer's Market Transition Current State of the Denver Foothills Market The Denver Foothills area, including Evergreen, is currently experiencing a unique phase in its real estate market. Historically, markets in various sectors, from stocks to homes, seek equilibrium based on supply and demand. This balance is influenced by numerous factors that determine the value of any product, irrespective of size. In real estate, a key factor is the ratio of buyers to sellers. Presently, the Denver Foothills market still exhibits low inventory levels with a significant number of buyers, though there is a noticeable decline in buyer numbers compared to the previous winter and summer periods. Trends... Read more