Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

59
Posts
1
Votes
Marty Gold
  • Carlisle, PA
1
Votes |
59
Posts

How long, is too long, on the market?

Marty Gold
  • Carlisle, PA
Posted

I've heard people say a listing is old or stale or that's it's been on the market too long.  I'd assume those are house's which likely get reduced in price or possibly would be willing to negotiate a bit more liberally.  But how long is too long?  I'm sure all markets are different and year to year may change.  But is there a generally accepted rule of thumb anyone can offer?

Ty

Most Popular Reply

User Stats

7,341
Posts
10,048
Votes
Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,048
Votes |
7,341
Posts
Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Marty Gold , it is location specific, but even sub-location as well. And it is compared to the other homes on the market at that time. So my area is super hot, and everything sells within a week. 2 weeks is a long time to be listed. A home down the street was significantly overpriced and sat on the market for more than 180 days before being pulled right before Christmas. 

When I sold a house on a lake a few years ago, lake houses would sit for months - even years - before selling. Those listings didn't become stale, because they had a specific - and very small - market.

Loading replies...