You can clearly see in the chart to the left why it is important why to price your home correctly. 40% of homes being sold happen in the first 30 days on the market. The next bump in the sales numbers is at four months. This is a result of price adjustments the sellers often make after a realization of actual market conditions. If you choose to select your Realtor by an artificial market evaluation you can expect to waste those first few months. If you are thinking of "throwing it out there" with a higher price than what the market can support, that decision will often delay you getting a the best price for your home. If your property isn't sold within 30 days, a price adjustment should be made!

The chart is based on National averages of homes sold.