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Reply to "Has the market cooled down drastically?"
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[quote=Anonymous]Its always the price. Drop it about 3% to 5% and see the interest shoot up. The market has not cooled in any significant way. Yes sales are down compared to earlier in the spring but so are new listings which still means it remains a sellers market. The median Day on Market for the area even in June is around 11 which indicates an extremely hot market. Nearly half the homes coming on the market even in the summer are moving in less than 11 days - yours isn't one of them because you priced it too high. In Feb, there will be more buyers around but there will also be inventory which probably means you will still run into the pricing problem....i.e. the second rule of real estate. [/quote]
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