Managing Price Decreases in Today’s Sarasota Manatee Market
Posted by Andree Huffine, Sarasota Realtor on
Managing Price Decreases in Today’s Sarasota Manatee Market
For many sellers across the Southwest Gulf Coast of Florida, memories of the red-hot market just a few years ago are still fresh. Homes seemed to sell overnight, often with multiple offers, and sellers could confidently expect top dollar. Today’s market, however, tells a different story. While demand for our coastal lifestyle remains strong, pricing dynamics have shifted, and adjusting to those shifts is key to achieving a successful sale.
One of the most common mistakes sellers make is waiting too long to reduce their asking price. This “chasing the market down” effect happens when a seller holds onto yesterday’s values, slowly agreeing to small decreases only after buyers have…
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