Funny back when we sold our pending was avging, according to two Realtors we were talking to, 90 days. Ours went 78 days, our daughters 120 days same as our next door neighbors. Both of them dropped their asking prices quite a bit to sell their houses, which don't tell my daughter this, they were asking too much. 30 days is a good pending sell period...and guess what, Winter prices Always drop...Summer is the best time to sell houses...
So I can get past this, I will agree with the 2% drop even though I did not see it in the listings/houses I just looked at that I have been following off and on since we bought our house in 2012. Back in 2024 I was looking at listings daily for about a 6 month stretch, making sure we were in the right marketing pricing, our Realtor even commented, probably jokingly, that she should hire me, lol, but I only know my price range, she sells million(s) dollar homes which I know nothing about. It is all algorithms these days, sadly.
Funny story, but our next door neighbor's mother was a Realtor, an old one, haha, she worked for a top Real Estate firm. She came to us with their algorithm which was Stupid low, by about $50k. Being a women she said because we did not have granite counter tops our house would have a hard time selling. WHAT? Hahaha. We ended up selling $35k above what she was suggesting to list our house for, which you always sell less than listing so it was more like $45k, today's Inspectors are a joke, listing every scratch they find which has nothing to do with it's value but Buyers jump on this to try and get lower prices, which most do. Sellers are backed into a corner, Buyers have all the power these days...so glad we went with our daughter's Realtor...
Speaking of, she told me I was right in my pricing, she let me set the listing price, she did the marketing, I mean major marketing, we were getting emails/text daily from all the places, about a dozen, that she had our house listing. We avged 2-3 Showings a week, which she said was what she liked to see, also our advantage was Weekend Open Houses, our house was empty and actually an Open House is how we sold ours. Back then, California was a good place to market. Still blows me away so many young people will buy a house online without even stepping foot in it. Cars too...we actually sold our house to a guy overseas...American working oil & gas overseas. His sister came to look at the house and his brother did a proxy sign...this was new to us...Single guy, did not care about granite counter tops, lol...I am sure the pool and all the decking was appealing to him to host parties...
