How’s the Real Estate Market?

“How’s The Market?” is a question real estate agents get from customers all the time. Unfortunately for customers, the answers sometimes aren’t very valuable. Customers often hear “It’s Crazy!” “There’s no inventory!” And the worst one “I’m so busy!”
While they may be true, there isn’t much useful information in those answers. In our company we teach to answer that question with useful statistics and facts. We actually just produced a report called 10 Facts About Our Real Estate Market That May Shock You. Here are four of them:

• 50% of all propertiesin our marketsell for at least full list price.
• 20% of new property listings hit the market already sold or under contract
• 82% of allsales are below $400,000 yet only 45% of new product is priced below $400,000
• There has been a 78% increase in residential sales over $1,000,000

Erid Thompson,
President
Windermere Real Estate

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