That Home that's Been on the Market for Awhile?
By Faith LaRosse, Serving Berks, Chester & Montgomery Counties
(Springer Realty Group)
It may be worth a second look.When you see a house that’s been sitting on the market for a while, the reaction is almost automatic. You start thinking: What’s wrong with it? Why hasn’t anyone bought it yet? Am I missing something? That mindset made sense a few years ago.But in today’s market, you may actually miss out.More Time on Market Isn’t Automatically a Concern AnymoreA few years ago, homes sold in just a matter of days. Sometimes, hours. Anything that lingered longer than that raised concerns. But that’s no longer the baseline.Inventory has grown. Buyers have more choices. And homes are taking longer to sell across the board. Those are some of the reasons why the typical time it takes a home to sell has climbed this year:And it’s not that 73 days is slow. That’s actually pretty n...
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