Economy Rockford: Pricing is Important for Real Estate

23 News real estate expert Jon Krause says a home, listed within 3 to 5% of its actual sale price will sell in about a month and a half. But those listed higher than that, are selling for about $22,000 less and are on the market for three and a half months. Krause says with so many homes on the market, you have to be competitive.

When buyers look for homes, according to Krause, they generally consider properties in $10,000 increments. So, if your home is priced at $129,000, buyers will also look at homes listed in the $119,000 to $139,000 range.

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