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Reply to "Has the market slowed down? "
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[quote=Anonymous]What neighborhood? Nobody can comment on “the market” without knowing which market. Market dynamics vary widely across different neighborhoods in the DMV. The only universal notes I can offer: —Your house is likely overpriced if it hasn’t had any bites in a few weeks. I know I know, comps say one thing…but the market is telling you you’re overpriced. Maybe by a little, maybe by a lot. —If your house would appeal to families with kids, well, those kids are wrapping up school and many parents are focusing on the transition to the start of summer, be that vacations, camps, new childcare arrangements, etc. It’s not a terrible time to list, but sometimes buyer interest slows a bit around now because of these factors. —Nothing wrong with asking for input here, but you are paying your agent a TON of $. They should be on this aggressively advising you closely about a repricing strategy, because it sounds like they mispriced it to start. —Don’t worry about your lack of Redfin comments. Buyers do use Redfin, but the agent comments are usually generic useless fluff and buyers don’t care. —Is there any glaring issue with your house, such as being on a busy road, in a flood zone, needs work, etc? [/quote]
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