Time on market and current competition show when patience stops helping.
If your home has been sitting and you are unsure whether to hold firm or adjust, I would use current market time and active competition as the deciding rule. In San Tan Valley, AZ, a typical active listing had been on the market for 52 days, and a typical sale took 59 days over the previous 30 days.
A typical active listing in San Tan Valley, AZ had been available for 52 days recently, while a typical successful sale took 59 days. At the same time, there were 859 active homes and a typical asking price of $450,000. That combination is useful because it defines the patience window. If a property is already beyond the recent active pace and still not drawing the right response, I would question price, presentation, or both. Buyers in San Tan Valley, AZ had enough options to skip a home that felt misaligned, especially with supply at 3.73 months. Review feedback before you defend your number. Recheck your price against recent closings instead of other unsold listings. If traffic is weak and time is building, make one decisive correction rather than a series of small delays.
About Jeff Setlow
Jeff Setlow is a licensed Real Estate Professional affiliated with Exp Realty, specializing in the San Tan Valley market. With a focus on strategic marketing and deep local knowledge, Jeff Setlow provides clients with expert guidance in navigating complex real estate transactions. View full profile →
