New inventory this week in Wellesley & a note about asking price

There are 15 new listings on the market this week in Wellesley, bringing the total homes on market to 35. Inventory is still desperately low and sellers are still very much in the driver’s seat. While conditions are great for sellers (allowing for leasebacks, offers over asking, etc.), it’s still so important to price a home correctly. Setting the asking price too high most certainly turns people away and buyers are already feeling budget constraints due to home price appreciation and mortgage rates. No one wants to pay more than they have to. 

Listing too high and moreover, when a home accrues days on market, it signals to buyers there is something wrong with the home. Buyers swiftly avoid these homes and write them off without ever looking or inquiring. Pricing at or below current market value is a far superior strategy. The correct asking price will attract more buyers to your home and most likely mean multiple offers and a quick sale. Want to know more about what your home may be worth, get in touch! 

How many of the 15 new homes will get snapped up this weekend?