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Price Adjustments in this New Housing Market

Lamacchia Realty

That’s because fewer homes are being placed under contract. If you don’t have any requests for showings and if an open house yields an underwhelming crowd, you should review your list price and lower it to attract more buyers. Consider the Price Brackets.

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. A lack of showing requests or a poor turnout at an open house signals it might be time to reconsider and reduce your listing price to draw more interest.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Properties are still going under contract. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days). So, what did they do?