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Price Adjustments in this New Housing Market

Lamacchia Realty

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. Consider the Price Brackets. See chart below.

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Price Adjustments and the 2023 Market

Lamacchia Realty

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. Real estate websites set up their property search tools with price brackets.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Consider the Price Bracket Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home.