Have you ever heard of Absorbtion Pricing? This is a not so new way of pricing your home. Many agents are still using CMA's (Comparative Market Analysis) when valuing your home. This is still a great way to value your home, but it is not enough anymore. Absorption Pricing takes a look at how many homes similar to your home have sold within the last 3, 6, and 12 months.

Then you calculate how many similar homes are currently on the market. This will tell you how many months of inventory are out there. For example, if there were 12 homes that sold within the last 12 months that were similar to your home then you can estimate that one home per month sold. If there are currently 15 homes similar to your home on the market, then there is enough inventory for almost 19 months. This will help you determine how to price your home. Only you can decide your financial situation and how quickly you need to sell to reach your goals.

Call me today for a more detailed evaluation of your home.