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Coral’s Nov 2018 Local Market Recap

Coral Gundlach December 13, 2018
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Low inventory is still the headline. The days on market are calculated differently now, as number of days from listing to sold, so they look higher than they used to. The “Amazon Affect” caused a jump in contract activity in November, as new pending contracts saw a huge jump after the big announcement. I can say from personal experience too with buyers looking for condos in Arlington, pickings are slimmer than usual.

There are certainly more buyers out there than sellers right now, yet buyers are very particular and risk adverse. Making a home sell for top of market value, is still about making it neutral and move in ready. Fixer uppers are spending more time on market than ever and just slight cosmetic touches will get you sold in days rather than months.

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