Local Home Sales Note Some Price Improvements!
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| Ray Shay Broker/Owner Shay Realtors
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There has been lots of price improvements on homes in the area. In case you do not know the current lingo describing a "Price Improvement" is really a "Price Reduction." It's a pretty good way to market a price reduction and drive additional activity to a home.
There are several things that are leading to a slowing m
arket. The first is the substantial gains over the last two years. Home prices had to "cool" or the market would be too overheated and ultimately bust. Secondly, there is increased inventory by more people finding they have equity in their homes and the large number of new homes being built.
Finally, it feels like take home pay has not suddenly improved and the costs of owning continues to increase. These elements and typical slowdown at the holiday season are all impacting sales.
Each circumstance is different. Don't hesitate to give me a call if you have any questions.
Have a great day!
Ray Shay 858-449-4970
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