A little while ago I blogged about a National Brokerage having a 10-day sale where they lowered the price of their listings. Here is a comment from one of the Realtors in Wisconsin that participated. This was posted on a Realtor message board.
“We had over 300 listings participate in this 10 day sale. The response has been lukewarm after the first weekend. Many agents had only 1 or zero people through their 3 hour open houses.”
Doesn’t sound like the promotion is working too well (at least in Wisconsin). I still wonder what happens after the 10th day. Are they going to raise the prices back to where they weren’t selling before this “sale”?