Average days on market to sell home at right price

[John Wong]

Hi everyone, this is officially my first ever post on BP. Like the subject says I want to know what is the average duration of time it takes to have a home sold if priced right. And since I live in Las Vegas, would anyone like to share their thoughts in this market?

Also, feel free to share thought on your market as well!

[Tim Watcke]

There could be many reasons a home sits on the market. But, with no exceptions (assuming the home is being marketed to a realistic pool of buyers,ie MLS) there is nothing price can't fix.

Every property has a price that will compel a buyer to make an offer immediately.

Often when I list my flips, I err on the low- mid range, thus getting tons of showing. I just listed one this week and have 20+ showings in the last couple days. 5 offers and counting - asking for highest and best due in a few days. I feel by doing it this way, the "market" is setting the price....

(SLC,UT under 200k is extremely hot right now)