Monday, January 28, 2008

The "Sweet Spot" for Home Prices

Looking for an edge in selling your home via Web ads? List your home starting on a Friday and if your sales price is $351,000, price it instead at $350,000 for a bigger response. Those tips come from an analysis of sales data by the online real estate brokerage Redfin, as reported in the New York Times. Listings that appeared for the first time on a Friday did 7.7 % more traffic than those begun on Thursday. The "sweet spot" (to borrow a tennis racquet phrase) for prices is $350,000, according to the story, because of how real estate search engines filter results.

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