August Real Estate Newsletter

 

Real Estate Market

This week we saw just 22 new listings come to market which can be expected for this time of year. Mid August till October 1st is a very quiet time for home sales everywhere. We actually saw more price changes (27) than new listings. I have been saying agents are overpricing properties. Many agents will give you a pie in the sky listing price to get you to sign their listing agreement only to come back and badger you for continual price reductions. Sellers are not being educated by their agents and believe just because inventory levels are low that prices and demand are stronger than they actually may be. Unless you have a very specific and special property buyers are spending more time looking…

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