Geez! What’s it going to take for sellers in today’s market to understand that price moves the property?
Apparently the National Association of Realtors president, Thomas M Stevens, is having the same problems selling as the average Joe in S.E. Michigan! According to this article from the Washington Post, president Stevens did not listen to the advice of his agent and drop the price prior to the market slowdown around Washington D.C.
What advice does president Stevens give in light of his inability to sell?
“You need to adjust the price. . . . But I didn’t do that. And my house is still on the market.”