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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.

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

Realty Biz

“Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. Look for fewer bidding wars, more days on market, and a cooling of the growth rate of pricing in the months ahead.”. Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2%

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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

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. In a market that is considered “balanced,” the housing market predicts that the average days on market (DOM) for a home is 65 days. There are no pet laws.

Marketing 126
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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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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., Graph Credits: Realtor.com.

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. The median listing price per square foot was $147. Graph Credits: Realtor.com.

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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