I am in the South in a mid sized city and have a house priced between $250k and $300k. Houses in this price range have been selling very fast recently. I did a cursory look at some comps and listings and listed my house in what I thought was a ballpark range. After only a few showings on day 1 and crickets ever since, I have determined that I think I overpriced it in the listing. Tomorrow will have been a week since we listed. I am thinking of dropping the price to a much more fair estimate. Is this too soon to lower the list price? I have a pretty wide range of acceptable prices for my house and if my original listing price was the 100th percentile, I am dropping it down to about the 55th or 60th percentile. I was at about $275k and am going to go down to $267,500 I think. Obviously the big concern is dropping too early and people noticing that, but if I do drop it I plan on leaving it there for the long haul or until it is sold. Local comps suggest my home value is about $264k, Zestimate is about $267,800. Any feedback is appreciated.
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