Speaking with sellers recently, they seem to fall into a few categories:
- hanging on to those early 2022 prices because "their home is worth it"
- waiting for "the market to pick up"
- watching what's going on in their neighbourhoo with similar types of homes before making decision to sell
- listening to their experienced realtor's anaylis & recommendations
The change in the market is recent but there aren't any signs that we're going back that busy Sellers' market any time soon so the first couple of choices aren't based on any facts.
Watching the market for a while is helpful to some as Buyers figure out realistic expectations for themselves but of course, sitting with an experienced realtor will provide facts, actual recent sales & listings, days on market to sell, & more &...answer questions. Sellers have different levels of experience & concerns so having that 1 on 1 time is very helpful.