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Updated almost 3 years ago,
No showings in red hot Utah market
I listed a property in an area that has been red hot the past few years. The comp report has 5 homes (1 closed escrow and 4 pending) very similar if not the same square footage, condition, and upgrades that sold for $800k. Listed for $789 and have heard nothing and only 4 groups at open house (none came with agents.) My Agent and brokerage are very confused and not sure why. Should I price reduce? Does price reduction create a buzz? Do I need to go $749 for buzz?