You would be hard pressed to find a seller or even most agents for that matter, who understand the relationship between time on market and list price vs. sales price.  Considering Area 109 (which is geographically centered in and around the Eagle Mountain Lake Area), below is some data from the Multiple Listing System (MLS) based on all single family detached home sales that occurred since May 1, 2007, to present.  Also, the data includes all home prices large and small.  As you can see, from the chart, it is important to note that the longer a home stays on the market the less the sales price will be as a percentage of list price.  List price is considered the original price of a given home when it was placed on the market.  The sales price is that price at which it actually sold.  For instance, a home listed at $100,000, would be expected to sale within 0-30 days at approximately $97, 820 (97.82 x 100,000).  I said approximately  because of the simple fact that every home and every situation is unique.  This figure could vary higher or lower.  However, statistics can be a reliable aid to the planning process.  If the same home were sold between 61-90 days, the seller would likely have sold his house for $97,000 or $800 less than the 30 day period in the previous example.  Studies show that buyer interest is higher in the first 3 weeks a home goes on the market and it steadily declines thereafter.  The message is, work with your agent to price your home to sell within 30 days in order to maximize your profit and/or highest sales price.  Homes on the market for extended periods of time become "Shop Worn" and buyers can easily find time on market information from the agents that represent them.  Ok, if you were to hold out 120 plus days you could get a higher price according to the chart.  If you are in the Eagle Mountain Lake Area this might work for you, but it is statistically weak since it was only based on 11 sales.  I would not place my eggs in that basket by holding out for so long.  Timing the market is unwise since a lot of negative factors can have an adverse effect on home sales prices beyond 120 plus days out.  Also, consider your personal goals and the cost of staying where you are vs. selling and moving on.

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	146	86	54	29	11
Breakdown %	44.79	26.38	16.56	8.90	3.37
Avg % SP/LP	97.82	96.56	97.01	96.64	98.95

Regards,

Bernie