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Why is the Real Estate Market Slow?

Let’s be honest. The real estate market is slow.

It’s interesting, I will see on social media where agents are talking about how busy they are and how things are crazy exciting. It comes across a little bit as fluff or disingenuous.

Showings are down on properties, properties are taking longer to sell, some properties are having to do price reductions, and some properties are just coming off of the market.

That is just the reality of where we are right now.

Prices are level now and buyers are taking longer to purchase. A lot of this has to do with the mortgage rates and that is just the reality.

As a realtor, what do I do? It is back to the basics.

To use a football analogy; blocking and tackling. Open houses, follow up, consistency. That’s how you sell in this market.

 

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