Updated: October 31st, 2024
In today’s competitive real estate market, how you describe your listings is a game-changer.
See how Listillio’s Listing descriptions are beating out the old styled/outdated descriptions while empowering agents to achieve significant results and stay ahead of the competition.
Shorten Days on Market:
Properties with Listillio descriptions sold a remarkable 83 days FASTER, while outdated/old style descriptions left listings on the market for an average of 181 days.
This offers a 45% faster selling advantage compared to using outdated descriptions.
Sell for Higher Prices:
57% of Properties using Listillio descriptions Sold Over Ask versus only 39% of properties with outdated descriptions.
This creates a substantial sales price advantage over outdated/old styled descriptions.
Minimize Price Reductions:
Only 43% of Properties using Listillio descriptions saw a price reduction versus 61% of properties using outdated descriptions.
Using Listillio descriptions, properties are 46% less likely to experience a price reduction.
Getting It SOLD:
Just 26% of properties using Listillio were withdrawn, compared to 74% of properties using outdated/old style descriptions.
Using Listillio Descriptions delivers up to a 185% advantage in keeping listings active, driving both traffic and offers, all the way to SOLD.
Listillio Stats Data: August 29th & October 31st, 2024
Conclusions from the Data
The Listillio Stats Data highlights the significant advantages of using Listillio descriptions compared to outdated descriptions.
Average Days to Sold: Properties using Listillio descriptions experienced consistently faster sales, with listings taking 56 days on average as of August and 98 days as of October, compared to 75 and 181 days, respectively, for properties with outdated descriptions. This demonstrates a clear benefit in reducing time on the market.
Sold Above Ask: Listings with Listillio descriptions also showed a higher likelihood of selling above the asking price. As of August, 51% of Listillio-listed properties sold above ask, increasing to 57% by October. In contrast, properties with outdated descriptions lagged significantly behind, with only 32% and 39% selling above ask during the same periods.
Price Reductions: The use of Listillio descriptions led to fewer price reductions, with only 35% of such properties seeing reductions as of August and 43% by October. Meanwhile, properties with outdated descriptions experienced higher rates of price reductions, at 53% and 61%, respectively.
Listings Withdrawn: The data shows a substantial advantage for Listillio descriptions in keeping listings active. As of August, only 3% of properties using Listillio were withdrawn, increasing to 26% by October. In comparison, outdated descriptions had significantly higher withdrawal rates, at 6% in August and an alarming 74% in October.
Overall, the consistent trend demonstrates that using Listillio descriptions leads to faster sales, higher chances of selling above the asking price, fewer price reductions, and lower withdrawal rates.