First week often most important for home listing

When moving, some home sellers like to list their homes at a high price and lower it once they get a feel for its demand.

But a new survey could suggest that pricing a home more conservatively in the first week could be the best way to sell it. Analysis from Seattle real estate company Redfin found that new listings - those that are in their first week - get more attention from buyers than older ones, reported the Wall Street Journal. In fact, online listings in their first week receive almost four times as much traffic as those that have been up for at least a month, said the report.

Additionally, listings that were within their first few days on the market received much more traffic even when compared to older ones that had undergone at least one update. The clear indication for Redfin chief executive Glenn Kelman was that online real estate shoppers have a low attention span, and that making a first impression is important.

With new home sales sliding 12.4 percent in July, according to the Commerce Department, offering a competitive price early on may be the best strategy to sell one's home.


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