Out of every 100 finalized listings, 70 failed to sell and 30 sold. This what we looked at: Single Family Detached Residences – Inside the Perimeter (FMLS areas 21-Greater Buckhead, 23-Intown Atlanta East, 24-Intown Atlanta Dekalb, 32-Intown Atlanta Southeast , 51-Upper Intown Dekalb, 52-Greater Decatur, 71-Vinings, 132-Sandy Springs Inside 285) Of the 30 sold listings, 20 (73%) had a price reduction, when listing prices from previous listing periods are included, before a Buyer was found. Therefore, if 70 failed due to overpricing and another 20 required a price reduction in order to sell, 90 out of every 100 listings were overpriced in 4Q 2008, resulting either in either no sale, or a sale at a much-reduced price after a much-longer listing period The Rootdown Group posted better numbers in 2008 than ever before - of the listings that we sold, we sold them at an average of 98.5% of list price and we sold them within an average of 28 days. The average, … [Read more...]