At least for the number of homes sold! Of the last 5 weeks, 37 has been the number of homes sold 4 times (one was actually 38)! The good news is that we also listed 67, (including the Back-on-Market homes).
|Newly Listed||Back on Market||Price Increase||Price Lowered||Under Contract||Closed|
Does the number of price reductions mean we are in a declining market? No, I don’t think so. Most of the homes having price reductions were brought to market with unrealistic prices. The value of homes selling is actually increasing slightly. They are up from last year, and marginally from last month.
Last week we mentioned the “contingency Sale”. What is it? What are the advantages and disadvantages? We’ll answer these and more this week. Stay tuned!