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August 2018

Found 2 blog entries for August 2018.

Courtesy of Keeping Current Matters

 

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | MyKCM

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

  • There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros
  • About 14% of all listings had a price cut in June
  • Since the beginning of the year, the share of listings with a price cut increased 1.2%
  • This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year

Senior Economist Aaron Terrazas further explained:

“A rising share of on-market listings are seeing price cuts, though these price cuts are concentrated at the most expensive

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The latest figures are in for July 2018.  Looking back at March, during the height of the market, price per square feet of homes is up from $295 to $308.  Condos are down from $400 to $333.  Days on market have increased from 10 to 12.  What is your take on the latest figures?

*Data below is for July 1st - July 31st, 2018

 

RE Trends for July 2018

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