Kingston Market Update August 11, 2022

Here’s the best piece of advice we’re giving our sellers right now: Price your home properly!

You may have heard that your neighbors sold for $100,000 over asking in February. Well, they won the lottery but the market has changed.

Homes that are successfully selling right now are selling at 98.5% of asking price. That means that those sellers have chosen a price that’s at or just slightly above market value and they’ve based that on the realtor’s advice with comparables and understanding the differences between their homes and other homes that have sold recently.

What happens if you overpriced your house? You’re just helping everyone in your neighborhood sell theirs.

If you’d like to know the value of your home, give us a call.

Watch the latest market update

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