When you see a house that’s been sitting on the market for a while, the reaction is almost automatic. You start thinking:
- What’s wrong with it?
- Why hasn’t anyone bought it yet?
- Am I missing something?
That mindset made sense a few years ago. But in today’s market, you may actually miss out.
More Time on Market Isn’t Automatically a Concern Anymore
A few years ago, homes sold in just a matter of days. Sometimes, hours. Anything that lingered longer than that raised concerns. But that’s no longer the baseline.
Inventory has grown. Buyers have more choices. And homes are taking longer to sell across the board. Those are some of the reasons why the typical time it takes a home to sell has climbed this year:
And it’s not that 73 days is slow. That’s actually pretty normal for this time of year. It just feels slow because you heard so much about houses being snapped up in the buying frenzy a few years ago.
That shift alone explains a lot of what you’re seeing. It’s not necessarily that there’s anything wrong with the house itself. Although, let’s be honest, sometimes that is the case.
Most of the time today, a house that’s taking longer to sell simply means:
- There are a lot of homes for sale in that area
- The seller priced a little too high at first
- The home didn’t photograph as well online
- Buyers passed it over for flashier listings nearby
- The timing just wasn’t right when it first hit the market
None of those are necessarily deal-breakers.
What Buyers Often Get Wrong About These Listings
Because even though you may assume a house that hasn’t sold must have hidden issues, the reality is, that’s not always the case. And, if the house does have issues, it’ll show up quickly in your inspection.
That’s information you can use to negotiate. Not a reason to walk away automatically. And in many cases, that’s where buyers find the best deals.
The key is knowing which homes that have been sitting for a while are worth a second look – and which ones aren’t. That’s why working with a local agent makes a real difference. They’ll be able to look at disclosures and more to help you uncover hidden gems other buyers may overlook.
Bottom Line
A home sitting on the market isn’t always a warning sign. Sometimes it’s an overlooked opportunity.
If you want help identifying which homes are worth a second look (and which ones to skip), talk to a local agent.
How RE/MAX Achievers Can Help You!
With talented and award-winning realtors, years of experience, and thousands of happy customers, you know that you can trust RE/MAX Achievers with all your home needs! Whether you’re buying or selling, RE/MAX Achievers is here to help. We know more than anybody the stress that comes with maneuvering the real estate market, and we don’t want you to face it alone! Everybody deserves the home they love, and we want to help you find it!
RE/MAX Achievers sold over $1 Billion Dollars in real estate during the last 5 years! RE/MAX was voted 2024’s number one real estate brand. RE/MAX Achievers Broker/Owner, John E. Ohler has stated he “is so proud of our accomplishments thanks to the surrounding communities. RE/MAX is a household name!” RE/MAX Achievers was awarded the 2022 RE/MAX President Club Award and the 2022, 2021, 2020, 2019, 2018 RE/MAX Achievement of Excellence Award! RE/MAX was voted the 2024, 2023, 2022 MOST Trusted Real Estate brand and agents. RE/MAX Achievers offers real estate services in 5 counties: Montgomery, Chester, Berks, Bucks and Philadelphia counties. There’s truly nobody more fit to help you with buying a home.
Don’t stress about buying or selling a home! Call the Achievers today!
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