Here's something nobody wants to hear: every unsold day costs sellers money.
It's uncomfortable, but it's true - and it's the reality that sits at the heart of every price reduction conversation.
I've watched it play out hundreds of times.
Properties sitting on the market aren't just waiting for their moment - they're actively bleeding value week after week.
Most sellers don't fully grasp how mortgage payments, taxes, insurance, and basic upkeep keep adding up, often exceeding what they might "save" by holding out for that perfect offer that rarely materializes.
The NAR research is pretty clear on this - homes needing price reductions typically end up selling for considerably less than similar properties priced right from day one.
That transforms these price discussions from optional conversations into essential strategy sessions.
And honestly? Understanding the psychology behind pricing might be the most valuable service we can offer sellers right now.