Friday, May 1, 2009

The # of Showings Do Not = Sales

We have a listing that is baffling us. It has been on the market 6 months, its been shown 69 times. No agent has said it is over priced, in bad condition, or in need of repair. I have no idea of why it hasn't sold. Of course, we could drop the price, but is that really a service to our client when the comps are saying it is already under priced and in relatively great condition.

So moral to the story is, showings do not equal a sales. Last week we put a home on the market and the first person who saw it bought it. Then we have had another house on the market a year and been shown 76 times. After a little bit of research I would say that we average about 15 showings per listing, that we sell. I am not sure how that stacks up to other agents, but it sounds pretty solid to me. Let me know what you think, leave a response below.

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