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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. But it’s critical to dig deeper. Would that help?

Agents 77
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Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

Trulia has 1,445 resale and new homes for sale in Bakersfield, CA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Bakersfield for Apr 11 to Jul 10 was $240,000 based on 1,474 home sales. Homes for Sale in Bakersfield.

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Detroit Michigan Housing Market: Trends & Forecast 2021-2022

Marco Santarelli

The median sale price was $95,000. On average, homes in Detroit, MI sell after 60 days on the market. The trend for median days on market in Detroit, MI has gone up since last month, and slightly up since last year. Following the real estate market decline in 2007 in the U.S., Homes for Sale in Detroit.

Marketing 111
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

Las Vegas Realtors reported that short sales and foreclosures combined accounted for 2.7% of all existing local property sales in January 2020. of all sales one year ago, 4.3% In July, with forbearance's in play Las Vegas the lowest amount of foreclosures and short sales in the history of Las Vegas.

Marketing 128
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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

ORRA reported that sales of distressed homes (foreclosures and short sales) reached 79 in July and are 27.5% less than the 109 distressed sales in July 2019. Distressed sales made up 2.2% The average days on market is 76. Strong renter's market. of all Orlando-area transactions last month.

Marketing 126
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

The average sales price is up +14.6% The median sales price is up +12.5% Days on market were down -8 days year-over-year while month-over-month were down -1 days. Phoenix Real Estate Market Forecast 2020 – 2021. What are the Phoenix real estate market predictions for 2020?

Marketing 135