In a somewhat turbulent real estate market, it is often difficult for a seller to determine an appropriate list price.  Many sellers are certainly trying to find it....

148 of the 802 active residential listings in Harrisonburg and Rockingham County have seen a price change in the past 60 days.

So, what does it take?  Is there a magical number, below which a house will instantly sell?  Sometimes there is!

A house that has been listed with our company for over a year has seen quite a few price reductions, but the most recent change in price (-$20,000) apparently brought it to a price where it was much more marketable!  After over a year without an offer, there were four offers on this property within a 10 day period!

That house is now, thankfully, under contract --- though two of the hopeful buyers each increased their offers to fight it out for the opportunity to buy this now very well priced home.

Reducing (and reducing, and reducing) the list price of a home until it sells won't always work -- but in a decent number of cases, if you really do want to or need to sell, getting below a certain price point can all of a sudden create a flood of buyer interest.