2 ms·

Isn't it also possible that the local housing market is softening and that a price that would have been competitive 3 or 6 months ago is now considered too high

• HWR_14 3y ago
  That's also possible. My point is that it's impossible to know anything. "The house wasn't selling, so we painted it" could be a story about how the trendy colors on the outside have shifted if it's a recent remodel done by someone who flips houses successfully, or a testament to the bad taste of the previous owner if it was hot pink. Especially since the realtor cannot just price it at whatever they want. Indeed, the homeowner has to agree, and may need to be shown that their price is too aggressive by sitting on the market for a month. My point is that without more context, e.g. how realistic that price would have been 3 months ago, it's not a meaningful statement.