Mike Heath

Realtor

Gaylord

700 W. Main Street

Gaylord, MI49735

CBGreatLakes.com › Blog › Time to re-evaluate your selling price

Main: 989-732-6777 Office: 989-619-0400
Fax: 989-688-5902 Cell: 989-619-0400
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Time to re-evaluate your selling price

Comparative selling prices on sales 6+ months ago need to adjust to local market changes over the past three months.  In a 20 city survey, the WSJ reports that housing prices have declined at a annualized basis of 25%.  That doesn't mean the Otsego/Gaylord market has declined that much for our listings, but it should motivate us to use more recent sales data or adjust older comps used to calculate our current prices to median market price changes for your category home.
Posted by Mike Heath @ 8:02 AM on 04/30/2008
Tags: Bad Business News Market Pressure National Real Estate News Real Estate Sales