Set a pricing posture that matches what buyers have been paying
You are trying to decide if you should list now or wait until your home feels perfect, and the bigger risk is missing the pricing window. In Andover, MA, I price and position listings around one reality buyers recently paid about 100.9% of asking last month.
Here is the constraint I plan around based on the previous 30 days supply in Andover, MA was 0.81 months, and recent accepted pricing landed at about 100.9% of asking last month. A typical sale took 18 days last month. For active homes, the typical asking price at month-end was $1,270,000 last month. That matters because low supply plus buyers paying around asking changes what earns attention, and what gets ignored. Some metrics were not reported for this period. Even so, when a typical sale timeline is 18 days and accepted pricing is around 100.9% of asking, your job is not to chase the highest number you can imagine. Your job is to launch with a price and presentation that pull strong buyers in quickly. Get your pre-list punch list done early and focus on first-impression items that reduce hesitation, because the typical sale timeline was 18 days last month. Set your list price based on a realistic target, not a reach, since buyers have been landing around 100.9% of asking last month. Choose an initial marketing schedule that creates urgency in the first two weekends, because tight supply at 0.81 months rewards a strong launch.
About Shirl
Shirl is a licensed Real Estate Professional affiliated with Exp Realty, specializing in the Andover market. With a focus on strategic marketing and deep local knowledge, Shirl provides clients with expert guidance in navigating complex real estate transactions. View full profile →