Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. As a result, there’s less demand for the available inventory, creating more price adjustments. See chart below.

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Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. Homes are essentially flying off the shelves this year, so if a home sits on the market without much interest, at some point you have to consider improving the price.

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Lamacchia Realty

APRIL 15, 2022

Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Low rates, even lower inventory, maxed out demand, and anemic supply remained the name of the game for well over a year until this past winter, when it truly plunged to incredible lows.

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Assurance Financial

NOVEMBER 9, 2021

As you might have guessed, the power dynamic leans toward the buyer in a buyer’s market and a seller in a seller’s market. Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. Marketing Strategies. Marketing Strategies.

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Will Springer Realtor

OCTOBER 11, 2022

housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. Our market cooled faster than any other in the nation, according to one report. . >> months’ inventory.

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