Thread: Time on market
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pnut_lee pnut_lee is offline
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Join Date: Jul 2008
Posts: 468
Time on market

Strictly academic since I have seen so many cars between here and RL that have been bumped way too many times.

How long before sellers need to take a hint that the asking prices might not be aligned with current market demand?

I think after 4 weeks it’s time to re-evaluate either the way the ad is written, or provide higher quality and quantity of photos......maybe a slight price adjustment. After 8 weeks, time to consider a 10% drop. Nearing 3 months on market.........put the car away until either market catches up or you accept reality and price accordingly.

I have no issues with people starting high, but obsessing with that high number hoping to cash in just looks silly. I don’t understand these sellers. Maybe this is just the effect of a cooling market. Sellers bummed that they didn’t sell a year ago, and still hanging on to those prices.........
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Old 02-13-2018, 05:32 PM
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