Reason

Remedy

Overpriced

New market analysis, lower price

Price reductions too little, too late

New market analysis, lower price below the next price break

New competition since property listed

New market analysis, lower price, offer incentives

Builder competition

New market analysis, offer upgrades competitive with builder

Difficult to show, not readily accessible

Use lockbox and readjust showing hours if necessary

Glutted or slow market

Adjust pricing and offer incentives

Property has become shopworn

Add new photos, offer incentive, inform area REALTORS

Many showings but no offers

Reduce price

Offers forthcoming but not consummated

Re-examine counters and adjust to offers

Condition (maintenance problems)

Freshen up and review ways to improve

Condition (major problems)

Rehab as necessary-new carpet, paint

Cosmetic allowances have not enticed offer

Rehab as necessary-remove allowance

Location not desirable Compensate with price adjustment 

Compensate with price adjustment

Property showcased poorly

Hire staging professional or ask REALTOR for suggestions

Property not being shown

Make property more accessible with lockbox

Pets (odor, soil, and intimidation)

Deodorize carpet, cage pets when not home

Neighbors or neighborhood

Counsel with neighbors regarding interference / condition of properties

External influence (new highway, etc.)

Adjust price and gather accurate data