Home sellers are kicking off the spring real estate season with what might be considered a risky pricing strategy.
40.3 percent say they plan to price their homes above market value, despite warnings from their agents,
according to the latest Real-Time Seller Survey from Redfin.
More than half (51.3%) of home sellers surveyed said they plan to price their home in the middle of the range
based on local comparable sales. An analysis by Redfin found that a home listing gets nearly four times more
visits on real estate websites during the first week on the market than it does a month later.
In the second quarter 52.4% of sellers were confident that now is a good time to sell their home, compared
with 37.5% in the first quarter. Nevertheless, home sellers are not free from worry. In the second quarter
40.9% of sellers said they are worried about being able to afford their next home.
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