Maplewood real estate results for the first quarter of 2016 were pretty flat compared to the first quarter of 2015. The one indicator that is vastly different year to year is the amount of time homes are staying on the market. This can be a function of many things, like pricing the house too high. Without more trending info it is hard to say much more about this for now.
# Listings Sold
Avg. Sale Price
Days on Mkt.
Maplewood Real Estate Results Were Affected by Houses Like These That Stayed on the Market Much Longer than Average
Even though the Maplewood real estate market continues to be extremely strong, sellers still need to price their houses sensibly because buyers are extremely educated. Most buyers have looked at the home’s current value and the comps in the neighborhood on sites like Zillow. If your home’s list price seems high they won’t bid on it. If it is in line with market values, they may pay more. Sellers always lose out if they price high to start. Instead, start very competitively, get tons of traffic and let the buyers bid up your house. In the end you will definitely net more.