There are plenty of homes that have been sitting on the market in San Francisco for 21 days or more—especially for home buyers in the $2M+ range.
Of course, the buyer pool is smaller in this range. And in the same way that some sellers in lower price ranges set a list price that misfires, high-end homeowners can do the same thing. Buyers at all price ranges can be price sensitive; just because you’re ready and able to spend $6,000,000 doesn’t mean you’ll fork over that amount for a house that isn’t worth that price. Continue Reading