If your listing expired and your house didn’t sell, you’re likely feeling a little frustrated. Not to mention, you're also probably wondering what went wrong. Here are three questions to think about as you figure out what to do next.

Did You Limit Access to Your House?

One of the biggest mistakes you can make when selling your house is restricting the days and times when potential buyers can tour it. Being flexible with your schedule is important when you're selling your house, even though it might feel a bit stressful to drop everything and leave when buyers want to see it. After all, minimal access means minimal exposure to buyers. ShowingTime advises:

“. . . do your best to be as flexible as possible when granting access to your house for showings.”

Sometimes, the most determined buyers might come from far away. Since they're traveling to see your house, they may not be able to change their plans easily if you only offer limited times for showings. So, try to make your house available as much as you can to accommodate them. It’s simple. If no one’s able to look at it, how’s it going to sell?

Did You Make Your House Stand Out?

When selling your house, the old saying matters: you never get a second chance to make a first impression. Putting in the work to make the exterior of your home look nice is just as important as how you stage it inside. Freshen up your landscaping to improve your home’s curb appeal so you can make an impact upfront. As an article from U.S. News says:

“After all, if people drive by, but aren’t interested enough to walk through the front door, you’ll never sell your house.”

But don’t let that impact stop at the front door. By removing personal items and reducing clutter inside, you give buyers more freedom to picture themselves in the home. Additionally, a new coat of paint or cleaning the floors can go a long way to freshening up a room.

Did You Price Your House Compellingly?

Setting the right price is extremely important when you're selling your house. Even though it might feel tempting to push the price higher to maximize your profit, overpricing can scare away buyers and make it hard to sell quickly. Business Insider notes:

“. . . the biggest mistake sellers make is overpricing their home.”

If your house is priced higher than others like it, it could make buyers lose interest. Pay attention to the feedback people give your agent during open houses and showings. If lots of people are saying the same thing, it might be a good idea to think about lowering the price.

For all these insights and more, rely on a trusted real estate agent. A great agent will offer expert advice on relisting your house with effective strategies to get it sold.

Bottom Line

It’s natural to feel disappointed when your listing has expired and your house didn’t sell. Let’s connect to figure out what happened and what to reconsider or change if you want to get your house back on the market.

 Tucson housing market has experienced significant changes in recent years, leaving homeowners and potential buyers in a new normal. Understanding these shifts and adapting to the evolving landscape is crucial for homeowners to make informed decisions. In this blog post, we'll explore the current state of Tucson's housing market, provide valuable statistics and data, and offer insights on how homeowners can navigate and thrive in this changing environment.

 The Shifting Housing Market in Tucson

In recent years, Tucson's housing market has witnessed a series of changes that have reshaped the real estate landscape. The following statistics shed light on the key trends:

1. Increase in Home Prices: Over the past five years, Tucson has experienced a steady increase in home prices. According to local real estate reports, the median home price in Tucson has risen by X% from 2020 to 2023. This upward trend signifies the growing demand for housing in the region.

2. Low Housing Inventory: Tucson currently faces a shortage of available homes for sale. This limited inventory has contributed to increased competition among buyers, resulting in multiple offer scenarios and higher selling prices. Data suggests that the housing inventory in Tucson has decreased by X% compared to the previous year.

 Adapting to the New Normal

1. Education and Research: Homeowners must stay informed about market conditions, industry trends, and local developments. Regularly monitoring real estate reports, attending community meetings, and consulting with trusted real estate professionals can help homeowners make well-informed decisions regarding their properties.

2. Strategic Selling: With low housing inventory and increased competition, homeowners planning to sell their properties can benefit from a strategic approach. Pricing homes competitively, staging them effectively, and working with experienced real estate agents who understand the current market dynamics can maximize the chances of a successful sale.

3. Investment Opportunities: The shifting housing market also presents opportunities for homeowners interested in real estate investment. With rising home prices, homeowners can leverage the equity gained to explore investment options such as rental properties or property flipping. Thorough research, financial analysis, and guidance from professionals are essential for making wise investment decisions.

 Navigating Challenges

1. Mortgage Considerations: Homeowners should be aware of potential changes in mortgage interest rates and lending criteria. Keeping a close eye on market trends and consulting with mortgage professionals can help homeowners secure favorable rates and terms.

2. Home Value Preservation: In a changing market, it's important for homeowners to take steps to preserve and enhance their property values. Regular maintenance, renovations, and upgrades can not only improve the quality of living but also ensure that the home remains competitive in the market.

Tucson's housing market has undergone significant changes, creating a new normal for homeowners. By understanding the shifting trends, staying informed about market data, and adapting to the evolving landscape, homeowners can successfully navigate these challenges. Armed with knowledge, strategic thinking, and professional guidance, homeowners in Tucson can make the most of the current housing market, whether they are looking to sell, invest, or preserve the value of their properties. Remember, adaptability and informed decision-making are the keys to thriving in Tucson's new normal housing market.

What's on the Horizon for the Housing Market in the Second Half of 2022?

If you're thinking of buying or selling a home this year, it's important to know where the market is headed and what that means for you. Let's connect so you have the latest expert insights to help plan your next move.

Watch Now

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.