top of page

A Tale of Two Identical Homes

  • Writer: Noel Russell Realty Executives
    Noel Russell Realty Executives
  • Jan 20
  • 1 min read

(Why Only One Sold in 3 Days)


Same neighborhood. Same floor plan. Same features.

One was listed at $399,900 by a “seasoned” agent. (Ask me why I would NEVER list at this price.)

I listed the other at $375,000.


What happened next:

My listing: 3 days on market, full priceas-is, zero repairs.

The other listing: price reductions, 44 days to contract, only 93% of asking pricerepairs required—and a call to me asking what I did differently (no lie).


But… isn’t the market “bad”?


It’s not bad—it’s balanced. We’ve shifted from the red-hot COVID seller’s market to a field where buyers have leverage. August actually posted the most closings since 2022 and the highest August median price on record. So why do some homes stall? Because the strategy didn’t adjust with the market.


The strategy that changed everything: a Supply–Demand Audit.

Instead of pricing where sellers hope buyers will go, I price where buyers already are. For this home, the data showed:

     

- At $375,000 we’d be in front of 78% of active buyers.

- At $399,900 we’d reach only 45%.


A 33% greater chance of selling the home. 

More qualified eyes = more showings = stronger offers = fewer headaches.


Net result: more money in 6 weeks less time, with an as-is contract.


Thinking of selling this fall?  I’ll show you precisely where today’s buyers are—and how to position your home to win in a balanced market.


P.S. Pricing isn’t about guessing a number; it’s about engineering demand.

Comments


Subscribe To Our Market Updates

Thanks for submitting!

I agree to be contacted by Realty Executives/Noel Russell via text, call & email.

To opt-out, reply 'stop' or click unsubscribe.

Msg/data rates may apply. Message frequency varies.
Data will not be shared with third parties for marketing or promotional purposes.

Privacy Policy & Terms

©2024 by Noel Russell - Realty Executives Associates. (865) 414-6768

Contact Us

(865) 414-6768 / (865)724-7378

Noel.realtyexecutives@gmail.com

Dana.realtyexecutives@gmail.com

  • Facebook
  • Twitter
  • LinkedIn
bottom of page