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Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

100% of those that have been Active for 3 weeks and have not gone under contract!! 

Feb 09, 2016 10:21 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

How would one know that? No way I would know pricing on 10,000+ listings to determine which are overpriced.

Feb 09, 2016 08:12 PM
Ambassador
1,453,069
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Value is determined by the Buyer. 

Feb 09, 2016 11:33 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Beauty is in the eye of the beholder.

Feb 09, 2016 09:09 PM
Rainmaker
5,217,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Too many, depending on who you ask!

Feb 09, 2016 08:04 PM
Rainmaker
1,661,936
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I'd have to say it varies.

Feb 09, 2016 08:01 PM
Rainmaker
2,220,654
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Hard to say Peter...

Feb 09, 2016 11:02 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

WIth a shortage of listings, any home with a DOM over 30 may be over priced

Feb 09, 2016 09:19 PM
Rainmaker
1,197,555
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I dont know how to calculate this number but hoped one of our ambassadors would know the answer?

Feb 09, 2016 08:54 PM
Rainmaker
4,334,336
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

How do you keep track of this in your area? It would be impossible to find the answer, but as far as we're concerned, we try to to price it right from the start...

Feb 09, 2016 08:42 PM
Rainmaker
911,448
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No way of telling, but just based on what i've been showing lately, I would guess at least 25% are overpriced for the condition they are in.

Feb 09, 2016 08:39 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A very subjective question.

May 13, 2019 05:49 PM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Peter - Well I think that depends on who you talk to, the buyer and seller.

How about this question. How many homes sell at list or above in your MLS. I would say not that many, and only if it is a hot sellers market where there is no inventory.

Feb 12, 2016 02:12 PM
Rainmaker
5,868,565
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My first thought was, I would have to look at each and every listing, but second thought --- most in Denver are overpriced.  Sellers listing high, and getting even higher priced offers.

Feb 12, 2016 09:07 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Peter,
In or market, for houses under $400,000, if it isn’t under contract in 60 days it is over priced. Right now that is about 653 listings.

Feb 11, 2016 08:01 AM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Peter. I not sure how it would be possible to come up with an answer, but there is a good chance if the property is not under deposit in 90 days.

Feb 10, 2016 05:35 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

I don't know if anyone has done such an analysis for my MLS.

Feb 10, 2016 04:02 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Can't say for sure. 

Feb 10, 2016 08:36 AM
Rainmaker
1,503,018
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

According to the buyers, 100%.  According to the sellers, they're all UNDER priced!

Feb 10, 2016 07:26 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I wouldn't be able to guess.  And, I've seen some overpriced listings sell for close to listing price.  Which in effect makes them not overpriced in hindsight.

Feb 10, 2016 04:52 AM
Rainmaker
4,161,130
John Pusa
Glendale, CA

Peter Mohylsky Very good question.

Feb 10, 2016 04:42 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Every single one that is not under a contract after 1 month. 

Feb 10, 2016 04:20 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

We have a unique marketplace here in Santa Barbara.  We have quite a few and the majority of the sellers really don't have to sell.  The agents who take these listings are not stupid by any means.  When we interviewed them on the subject, they have unanimously said, "We have often been surprised when someone stepped up to the plate and bought!"  These are very high end listings.  A

Feb 10, 2016 04:18 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

In my area I see about 3 to 4 price reductions per week.

Feb 10, 2016 04:17 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Overpriced is not something we can define, it's an opiniion. In my market things can sit on the market for over a year and then sell at full price. So long DOM doesn't necessarily mean it is overpriced.

Feb 10, 2016 04:12 AM
Ambassador
2,178,703
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

If you analyze the market statistics, you could get a pretty good idea based on those that have been on the market much longer than the average DOM.  

Feb 10, 2016 03:15 AM
Rainmaker
7,836,431
Roy Kelley
Retired - Gaithersburg, MD

Consumers will have to make this determination. 

Feb 09, 2016 11:20 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we hae very few active listings in my town...it's an extreme seller's market....they're ALL BEYOND WHAT THE MARKET WILL BEAR OR THEY WOULD BE PENDING!!!!!!!!!!!!!!!!!!!!!!!!!

Feb 09, 2016 11:11 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I will take a guess at about 25-30%.

Feb 09, 2016 10:28 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Until there is an accepted contract, expired or price reductions to a sale who knows.

How many vehicles are sold at sticker price?

Feb 09, 2016 09:58 PM
Ambassador
2,436,470
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Unless I analyzed them all, I'd have no way to know.

Feb 09, 2016 09:14 PM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I think many agents have finally got it that if they overprice their listings , they will starve !

Feb 09, 2016 09:12 PM
Rainer
150,416
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Unless I visited every one of them, I don't know how I would know. 

Feb 09, 2016 09:03 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

None.

How many are underpriced?

Feb 09, 2016 09:01 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not know.

Feb 09, 2016 08:42 PM