Region: Austin, TX Area (Suburb)
We put our house on the market last Friday and our real estate agent recommended a price, and at the time I felt it would be what we got if we put it lower and accepted higher offers as it is still really hot in the area. It’s not extremely high at all with the comps in the area but IMO it is high enough that it’s not getting any showings. As said above, we put it on the market last Friday and it hit the MLS around noon. We left last weekend and had it open as a go-and-show.. we had ZERO showings. Finally on Monday we had someone book a showing and I saw views of my house go from 2-3 on Friday,Sat,Sunday on Zillow to 100’s since Monday. So my hypothesis is that it did not get populated to all the sites people were looking at.
Anyways, we’ve only had one showing total now a week into this. I asked our agent to do an open house this weekend so hopefully, we get some showings and offers but after that, I think we need to rethink pricing. We are under contract with another house and would LIKE to, but not need to, sell this house before closing on it next month.
My question is, how bad does it look to lower the price after only a week on the market (2 weekends)? Would you keep it the same for a few more weeks? It’s REALLY bothering me that the house down the street a few months ago (I know a different time) was on the market 3 days and only had an open house on a Saturday for 4 hours and sold that Monday. It’s an almost identical house but was priced a little lower than ours now. I just can’t get over that we’ve only had ONE showing in a week.. I feel that’s crazy in this market and the only thing I can think is the issue is the price. The house is stagged great, photos, great curb appeal, 3d imagry, etc.