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Forty-percent of Home Sellers Plan to Price Higher Than Market Value

Home sellers are kicking off the spring real estate season with what might be considered a risky pricing strategy: 40.3 percent say they plan to price their homes above market value, despite warnings from their agents, according to the latest Real-Time Seller Survey from Redfin.

More than half (51.3 percent) of home sellers surveyed said they plan to price their home in the middle of the range based on local comparable sales. An analysis by Redfin found that a home listing gets nearly four times more visits on real estate websites during the first week on the market than it does a month later.

In the second quarter, 52.4 percent of sellers were confident that now is a good time to sell their home, compared with 37.5 percent in the first quarter. Nevertheless, home sellers are not free from worry. In the second quarter, 40.9 percent of sellers said they are worried about being able to afford their next home.
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