Why Pricing Is Important Heading Into The Summer

by Jeremy on May 12, 2010

Location location location is supposed to be the mantra of the real estate world, but price price price ought to be the bible.  Historically the summer months are the most active for real estate here in the New River Valley, as the graphs below show (data compiled is from Blacksburg, Christiansburg, Radford and Montgomery County):

Days On Market for residential single-family homes, April 2007 – April 2010

3 year DOM Why Pricing Is Important Heading Into The Summer

Days on Market for Condos and Townhomes, April 2007 – April 2010

Condo Townhome 3 year DOM Why Pricing Is Important Heading Into The Summer

The winter always seems to slow things down a bit, but as we leave April and had into the summer, inventory levels have dropped each year, to their lowest point of that year.  And July seems to be the month when things start to trend back upwards to longer times on the market.

So sellers, if you have a property in a good location, that’s great.  How you stand out in regards to your price might be even more important.

This content is published under the Attribution-Noncommercial-Share Alike 3.0 Unported license.

tt twitter micro4 Why Pricing Is Important Heading Into The Summer tt plurk Why Pricing Is Important Heading Into The Summer tt buzz Why Pricing Is Important Heading Into The Summer tt delicious Why Pricing Is Important Heading Into The Summer tt digg Why Pricing Is Important Heading Into The Summer tt facebook Why Pricing Is Important Heading Into The Summer tt ping Why Pricing Is Important Heading Into The Summer tt reddit Why Pricing Is Important Heading Into The Summer tt su Why Pricing Is Important Heading Into The Summer

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Tagged as: ,

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Previous post:

Next post:

Copyright © 2009 - NRVLiving.com
The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Townside are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the broker.