The Odds That a House Will Sell

Most people think that if you list a house that it will eventually sell. The odds right now aren’t very good and it surprises most people to hear what the numbers really are.

These are the statistics from December 1st 2009 to November 31st 2010 for Non-REO or Short Sale Properties:

48% of all the houses listed in Sacramento County last year sold, 16% were still listed, 4% were in Pending Sales status and 32% didn’t sell and were taken off the market.

I thought it would be good to look at it from a neighborhood level as well as the whole county to see if there was much of a difference somewhere like East Sacramento…

Surprisingly, East Sacramento fared a little worse with only 45% of all the houses listed being sold, 16% were still listed, 5% were in Pending Sales status and 34% didn’t sell and were taken off the market.

The best way to insure your house will be in the sold percent is to price it to sell right at the start. The first 30 days are critical…