On the Market for Over 2000 Days and Counting

On The Market for over 2000 days and Counting

Brevard County Homes for Sale

This morning I was searching through the MLS, Multiple Listing Service for properties for sale. I was looking for specific types of houses for a buyer I am currently working with.  And, I noticed a property that has been on the market for over 2000 days. I had to stop and take a look at it.  Then, for a moment I had to think about how many years 2000 days really was.  That’s over 5 years!  Wow!  A property that has been listed for sale for over five years.

That even made me more curious.  Then, I looked to see how many properties have been listed for sale for more than 1000 days. There are 136 properties that have been on the market for nearly 3 years.  That’s a long time! 

Why are they still on the market?  Price? Location?  Condition? Lack of marketing? 

Are these sellers chasing the market?  Priced too high, but not making price reductions quickly enough to be competitive in the market? 

Or are they just fishing?  Fishing for a buyer with some bad bait? 

Are these properties clogging up the MLS system?

Are buyers looking at them at all?

After that period of time I would think that buyers would be wondering what’s wrong with the property.  I know buyers ask me why a property has been on the market for so long.  And, if no one else wants it, they usually don’t want it, either.  It just seems to be the way that human nature works.

How receptive would a seller be to an offer?  A seller that has been on the market for 3 to 5 years?

These must be very patient sellers.

Search Brevard County Real Estate

Melbourne FL Real Estate, Sandy Shores, Realtor

Let me Sandy Shores Melbourne FL Realtor that for you

Sandy Shores Melbourne FL Realtor

Sandy Shores, Melbourne FL REALTOR®

Specializing in Residential, Investment and Relocation Real Estate

Melbourne Real Estate / Palm Bay Real Estate

321-253-4545

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Serving Brevard County Florida for 15 Years / Brevard County Resident for 36 Years

Melbourne, Palm Bay, Suntree, Viera, Rockledge, Cocoa, Canaveral Groves, Titusville, Mims, Melbourne Beach, Indialantic, Indian Harbour Beach, Satellite Beach, Cocoa Beach, Cape Canaveral

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I buy, sell, rent, own and manage Investment Property.

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