Is it time for a new agent?

[Simon Obas]

Hello I have a home on the market for 30 days with 0 offers. I did a $39k price reduction and still nothing. I’ve had 10 showings. Is it time to find a new agent? Fyi The current agent is not from the town nor lives in the same county.

[Dave Skow]

@Simon Obas- thanks - checked it out - looks nice - that  price  range  is likely to only draw  buyers are that  will make it a  primary residence  ( and  not as a rental )  ..many buyers  for primary homes  tend to look in  the  April - sept  window ..... current rates  and  pending  rescession  have slowed the  buyers   way down in the past  30-90 days  ...the  present  price  looks  accurate  if you were selling  back  in the spring  .....I  would ask  ytour  agent to pull comps of  sales that  have  closed in past  30 days and  also  try  pulling  data  of  contracts that  have  been  agreed to  in past  30 days so you can update the  expecation  .......if  you use a closed  sales  comp for a  home that  closed  in Sept - this might  reflect a listing/ offer  that  occured  in July  so  be  careful to not  use any comps  from over  30 days ago ...( thats  how quick the market seems to have  changed ) ......try adding  wording to the listing to  attract  attention  (  eg.   seller to  pay  for  a  temporary  rate  buydown  so your mortgage rate  can be  lowered for 1st 2 yrs  ...etc )