Days on the Market
One of the questions that I am often asked during a listing appointment is, "How long will it take to sell my home?" Let's explore this question by looking at the timing in the Talega Market. If you sold a property in Talega this year, on average it only took 11 days to sell. If you sold last year in 2020, the average was 32 days on the market. In 2019, before the pandemic, it was 47 days, which would be considered a normal or balanced market.
The fast pace of today's market is being driven by low inventory and high demand for homes within the Talega community. Sellers keep pushing up the listing prices of their homes, meeting little resistance from buyers at this point. Buyers from the San Francisco and Los Angeles areas are still moving here at a strong page. These two feeder markets are more expensive than Talega, making it a great value and a hot commodity.
When pricing a home, you are trying to push value while falling just short of overpricing. Today, if a home sits for more than 30 to 45 days on the market, buyers and agents think there is something wrong or that it is overpriced. It is unfortunate, but that is the reality when 11 days on the market is your average for a community.
For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.
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