Why 45% of Williston listings cut price, and how to skip that step
45% of Williston listings have cut their price this fall, and the homes selling fastest are the ones priced right on day one.
Here are the three rules I am giving every seller I talk to:
01
Price Off Sales
Price off what sold in the last 90 days, not what's listed. Active listings sit at a $475,000 median, but new ones are arriving at $395,000, and those are the homes going pending.
02
Win First Two Weeks
Win your first two weeks. That is when your listing gets the most attention, and homes that miss it are averaging 97 days on market.
03
Winter Works
Do not fear a winter listing. Fewer showings, but more serious buyers, so a November listing works if the price is right.
In the full post I break down why a price cut costs you far more than the reduction itself, and how 7% rates split Williston into two markets by price:
Want to know what homes like yours actually sold for? Text me at (701) 369-3949 and I will send your neighborhood's last 90 days of sales.
Erik Peterson Broker/Owner, Proven Realty brokered by eXp (701) 369-3949 [email protected]
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Prices continued to drift lower with inventory building. Still the slowest Bakken market.
THE TAKEAWAY
Williston and Watford City both firmed on price as inventory tightened this week. Dickinson keeps drifting lower. Days on market are stretching across the Bakken, which tells us fall buyers are being deliberate. What we're seeing on the ground: right-priced listings are still closing. Everyone else is watching September wrap up.
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