Housing inventory is up around the nation, but well under the amount of homes that were for sale during the crash of 2008. So, if you’re hoping for a crash, you could be waiting awhile, at least in our area! Homes are selling faster in our local area compared to the national average and most local buyers are still facing multiple offer situations. We are still in a seller’s market with under a two-month supply of inventory. But sellers beware – do not overprice your home! Homes priced high sit and end up with price reductions.

The Pitfalls of Overpricing Your Home
When it’s time to sell your home, it’s natural to want the best possible price. There are many reasons why overpricing negatively affects your home sale. But setting the price too high—hoping to “test the market” or leave room for negotiation—can actually hurt your sale in ways many homeowners don’t expect. Let’s take a look at the main reasons why.



