Florence Market Time Increases With Price

In the 30 days preceding this post, there are 420 residential listings with an average asking price of $260,000 and an average days on market of 335.

During the same period there were 30 sales at an average sales price of $187,000. Of the properties that sold, the asking price had finally been reduced to $192,000.

The moral of this story is that when your property is listed within 5% of the actual market, it will sell.

When you are thinking of selling make sure that your broker/agent has done a Comparable Market Analysis and that your property is priced within a reasonable range or you will loose money each month, in a declining market.

While a large segment of Florence’s 85 real estate practitioners are still engaging in the lazy practice of “listing at any price” there are a few that are very conscientious.