When deadlines help sell houses

deadlineBy Sanette Tanaka | The Wall Street Journal

Listings with offer deadlines averaged 31 days on the market, compared with 61 days for listings without published deadlines, an analysis found. Getty Images

Want to get people moving? Set a due date. In real estate, deadlines bring results—and high returns.

So far this year, 58% of home listings with published offer deadlines sold above list price, according to an analysis of 37 major metropolitan markets in the U.S. by real-estate brokerage Redfin. Listings with offer deadlines also averaged 31 days on the market, compared with 61 days for listings without published deadlines.

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