Every house is unique. I've had homes sell within hours of listing on the market and some take months to sell with some still neverselling at all. I believe there are three primary reasons why a home does not sell.
If your property isn't sold within 3 - 4 month, you might want to consider a price adjustment.
| Sold within: | Percentage of Homes |
|---|---|
| 1 Month | 40% |
| 2 Months | 7% |
| 3 Months | 7% |
| 4 Months | 20% |
| 5 Months | 10% |
| 6 Months | 7% |
| 7 Months | 9% |
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