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| In an area encompassing more than 5,200 homes, only 29 have sold in the last two months... |
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| 77% of all sales in the last 6 months have been less than $325,000. Only 10 sales in the last 6 months have been greater than $400,000. |
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| 195 homes are actively for sale. The trends per price range match the sales numbers in direction, but not in proportion. |
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| Notice the correlation between how fast homes are selling and the price ranges! |
If you're trying to sell a home in the lower price ranges, there are buyers out there. Make sure your home is in perfect condition & at or near the bottom of the price range of your competition, and you should be ok.
If you're trying to sell a home at the higher price ranges, this is an extremely difficult market. Your home may be absolutely perfect – large home, great lot, beautifully appointed, and reasonably priced. But there have only been 6 buyers in the last 6 months above $475,000, and there are 33 homes to choose from. Yikes!
Your hoping things change soon Realtor,
Chris Butterworth
[tags] Fletcher Heights, Market Review, Absorption Rate, Months Inventory, [/tags]
