The market is feeling a bit bananas lately and sellers are not sure where to price their homes. Here’s a little insight. You have choices when pricing your home:

Test the market. This strategy works in a rapidly rising market because you are pricing ahead of the market with the hopes that the market will meet or surpass your list price
Price it right. This falls right into the range of what market comparables tell us the home is worth. Not too high, not too low.

Is this sounding a little like Goldilocks and the Three Bears?

Strategically aggressive price. This is the price range that attracts multiple offers and offers over the asking price.

There is no right or wrong answer but as the market continues to evolve strategy is going to be more and more effective. Please leave any questions below.