Fayetteville, NC housing market

In Fayetteville, nearly a quarter of homes for sale have already cut their price. If you are thinking about selling in the next year, that number should shape how you price your home from day one. The typical Fayetteville home is worth about two hundred thirty-three thousand dollars, and values are basically flat, up just 0.6 percent over the past year. There are about one thousand seventy homes for sale right now, so buyers have real options, and they are taking their time. The median home sits for about 61 days before selling. Here is the number that ties it all together. The median asking price is around two hundred fifty-eight thousand dollars, roughly twenty-five thousand dollars above what homes are actually worth. That gap is why about 23 percent of sellers end up cutting just to get a deal done. Overpricing is the most common mistake in this market, and it costs you time and usually money. Price at or slightly under what your home is worth, and you give buyers a reason to act now. To find out what your Fayetteville home could realistically sell for, get a free home value estimate at Home Value Pros dot com.