Compass researcher, Patrick Carlisle, has taken a deep dive look into the down-sides of price reductions and overpricing.
Looking specifically at San Mateo County, Carlisle has analyzed the impact of overpricing on sale price, days on market and cost per square footage. He's broken this down for the market in general, for the luxury ($3M+,) market, as well as multi-unit residential buildings.
It's a compelling, and quick, read for anyone considering selling, but also for buyers. For buyers, the quick take-away is that there hasn't been as good a time to buy in the last few years as now.
You can access the full report below.
If you or someone you know is thinking about selling or buying, please reach out for guidance.