Still for Sale After 30 Days? No Longer a Warning Sign

For much of the past six or seven years, if a house did not go under contract within a few days, or within a few weeks, newly interested buyers would start asking questions.

That house has been on the market for 30 days and still isn't under contract? What's the deal?  What's wrong with it?

Now, we're returning to a bit more normal of a market where a home that is still for sale after being on the market for 30 days is no longer a warning sign.

We are no longer in a market where every home will go under contract within a week or even within a month.  A house that is still listed for sale, without a contract in place, on day 31... or on day 61... is oftentimes a great home, often priced appropriately, even if nobody has contracted to buy it yet.

So... if you are a buyer going to view a home this weekend that has been on the market for 30 or 60 days...

1.  Don't get too focused on trying to figure out why someone hasn't bought it yet.

2.  Don't assume you will be able to knock 10% off of the list price because the house has been on the market for a month.