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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

With a 90-day average median list price of $4.3 As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively.

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What Does Contingent Mean in Real Estate?

HomeLight

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. So if you’re buying a house and see a listing that’s contingent, it’s likely going to be fully off the market soon. ” So, what does contingent mean in real estate?

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What Buyers Can Do in an Extreme Sellers’ Market

Realty Biz

Then the residential market rebounded quickly. Then the residential market rebounded quickly. The market remains tight and expensive but it could be opening up to at least give buyers a larger selection to choose from. One strategy for buyers in this extreme seller’s market could be taking a bit of a risk. Don’t settle.