Market Trends - July 1st, 2021
Posted by Matthew Lindsay on
Written by Matthew Lindsay
As many of you may have heard, the current market is going crazy! Homes are being sold for more than their asking price, at faster rates, and at higher volumes than ever before.
If you’re a buyer, the likelihood of you competing with other offers is much higher than previous years. However, sellers are getting multiple offers, demanding a premium, and not offering many of the traditional concessions that have been seen in the past. With how hot the market has been, we have even seen buyers willing to bring cash to the table above what the appraised value is.
Pricing
The graph below indicates that this time last year, sellers were only getting about 97% of their list price. Today, most sellers are taking their full…
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