Lower price or take off market

Crashy_Time

getmore4less said:

You need to work out what people are buying and what they might be paying.

Do a more like this comparison.

count the for sale numbers and SSTC numbers

Look at the SSTC around your price point and ask yourself why did they buy that one not mine

you can also look at the Sold price data but that lags the SSTC data but you get an idea of how close to asking places have been going for.


eg if I do a sample of a quite wide area of S.London. for 1bed flats  (for sale/SSTC) with parking

0-200	79/45
0-300	424/285
0-400	809/574
0-500	1012/707
0-max	1063/718

you can adjust to your area and price bands to see where you fit in the pecking order.

Some stuff is selling but there is a lot of choice
might be worth looking at the more recent SSTC to see if they are priced right or price drops.

last, 14days  215/11,  7days 117/2

PropertyLog gives you a good feel for seller sentiment.