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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. copy to clipboard Short sale approach: Ms.

Agents 77
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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

In the past month, houses in the Philadelphia metro area sold for higher prices and that is mainly due to low mortgage rates and tight inventory. It is also the first time that the supply of homes available for purchase has fallen below 3,000 housing units for sale. Day On Market. There are no pet laws.

Marketing 126
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

As more and more buyers enter the market the prices are going to increase due to tight supply. . For buyers, the inventory is relatively increasing and mortgage rates are lowest ever , so they should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars.

Marketing 128
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Detroit Michigan Housing Market: Trends & Forecast 2021-2022

Marco Santarelli

due to robust housing demand and low mortgage rates. The Detroit housing market forecast for the 3 years ending with the 3rd Quarter of 2021 is also positive. The median sale price was $95,000. On average, homes in Detroit, MI sell after 60 days on the market. Homes for Sale in Detroit. August 2019 was $43.

Marketing 111
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Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

The median sale price was $255.3K. On average, homes in Bakersfield, CA sell after 56 days on the market. The trend for median days on market in Bakersfield, CA has gone up since last month, and slightly down since last year. Homes for Sale in Bakersfield. The median listing price per square foot was $147.

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. The average sales price is up +14.6% Short sales dropped -38.1%

Marketing 135