How are you pricing your homes in this cooling market?

real estatehome sellinghousing market

Hristo_Plovdiv

Joined:
27.06.2022
Posts: 1796

Topic Starter

05.01.2025 14:47

My agent is suggesting a significant price cut because we haven't had a showing in two weeks, but I'm worried we're just chasing the market down. We've already lowered our initial asking price once since listing last month. It feels like buyers are just sitting on the sidelines waiting for rates to drop or for prices to bottom out. Does it make sense to pull the listing for a few months, or should I just bite the bullet and drop the price to get it sold? I'd love to hear how others are handling this shift in momentum.

10 replies in this topic

Denis_P

Joined:
03.01.2024
Posts: 412

23.01.2025 09:51

In reply to a previous post

Honestly, if you've had zero showings in two weeks, the market is telling you exactly what it thinks of your current price. You can't fight the trend.

Yulia_M

Joined:
17.04.2024
Posts: 1141

31.01.2025 16:12

We pulled our listing last month after three price cuts. We decided to just rent it out for a year or two and wait for the market to stabilize. It's too stressful trying to time the bottom.

mati_123

Joined:
07.01.2022
Posts: 1740

08.02.2025 15:33

In reply to a previous post

I'm in the same boat. My agent keeps pushing for cuts, but every time we drop it, the 'comps' drop even further. It feels like a race to the bottom.

chicho_savet

Joined:
01.04.2022
Posts: 2115

07.05.2025 15:25

In reply to a previous post

Don't pull the listing if you actually need to sell. If you take it off and put it back on later, the 'days on market' counter reset, but savvy buyers will see the history anyway.

Kras_T

Joined:
04.05.2022
Posts: 57

26.05.2025 20:47

Has anyone tried offering seller concessions instead of a straight price cut? Sometimes covering closing costs or buying down the rate is more attractive to buyers than a lower sticker price.

Iggy_R

Joined:
21.09.2021
Posts: 1346

26.05.2025 22:30

In reply to a previous post

Totally agree with the suggestion about concessions. A 2-1 buydown is way more effective right now than a price cut because it actually helps the buyer with their monthly payment, which is what they care about most.

ZlatnaRuka

Joined:
19.09.2022
Posts: 952

27.05.2025 11:44

I think a lot of sellers are still pricing for 2022. You have to look at what's sold in the last 30 days, not what's listed.

Poli_H

Joined:
28.08.2020
Posts: 2470

19.06.2025 01:10

In reply to a previous post

If you don't have to sell right now, just hold. Why give away equity if you aren't forced to move?

monika_p

Joined:
08.11.2022
Posts: 1195

10.07.2025 21:28

Buyers are definitely on the sidelines. We had a few people through our open house last weekend and they were all just 'window shopping' with no intention of making an offer.

Marius_C

Joined:
18.08.2020
Posts: 115

17.09.2025 01:53

In reply to a previous post

It's a brutal market. I bit the bullet and dropped the price by 5% last week. Had two showings yesterday, so at least there's some movement now.

How are you pricing your homes in this cooling market?

Want to join the discussion?