How to Price in a Declining Market...

This topic is important today. Prices in Austin TX are dropping at this time.

If you study similar sales in the area of your house, you may see a trend of falling prices.

This means if you are looking at SOLD houses, you are looking at yesterday's news

You may want to look at today's news by looking at what is For Sale now and what you will be competing with.

You may have to price your house lower than the SOLD houses if similar houses for sale are now priced lower. 

You do not want to "chase the market down" & always be 30 days behind the dropping market.

"Chasing the market down" means by the time you lower your price, the market has dropped again & your still priced too high.

Price your house competitively from the beginning to get the most money.