
As we currently have noted in this space for years, initial pricing strategy is critical to the success of sellers. That has been true regardless of market conditions - nice, bad, and everything in between. Homes settling in April 2010 that received contracts their 1st week on the market sold, on average, for 0. 4% below list. Those that took 4 months or longer to sell sold for 10. 8% below original list price.