"An Inconvenient (Real Estate) Truth"

Frustrated Sellers Cancel
& Re-List . . . at the Same Price

Usually as a home's time on the market climbs, Sellers become more realistic and accept incremental price reductions.

One standard realtor strategy, after a home has failed to sell after 60-90 days, is to cancel the listing and bring it back on as "new" -- usually with a lower price to spur traffic.

Anecdotally, I'm seeing more instances of Sellers canceling and re-listing . . . but not changing the price.

An Inconvenient Truth?

Clearly, there's some Seller frustration operating here (it wouldn't be the first time that that happened in a soft market).

One might infer that such a Seller thinks that their home is already well-priced, and is just being overlooked by the market. And certainly, if the Seller has just made some mid-course improvements (new paint, carpet, etc.), sticking with the same price might be justified.

However, in my experience, when an otherwise well-marketed home is sitting, there's a good chance that the problem is price.

Choosing to ignore that isn't likely to result in a sale -- and canceling and relisting simply squanders any fresh exposure that might be generated.