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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. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

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Price Adjustments in this New Housing Market

Lamacchia Realty

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. By creating demand with accurate pricing and aggressive marketing. And if their home is placed on the market with a high list price?

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Due to these rising costs and rising number of listings, condos are remaining on the market for much longer periods than before, attracting less interest from buyers.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

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.