According to the Multiple Listing Service today (September 4, 2013), new listing prices are up this month while sales prices are down.
In July the average active list prices were: $219,900 and in August list prices rose to $224,900 while sales prices in the same time frame averaged: $185,000 in July and then $180,240 in August.
Here is a graph showing these details:
If sellers want to remain competitive in this ever changing market, they need to price their homes accordingly. We have moved past the multiple offer scenario & are quickly approaching a buyer’s market again…even with the increased interest rates. Remember from last weeks post: sales are down 44% from this time last year.
Give us a call for details & help in getting your home sold quickly & for the most money possible! 480-240-9724 ext. 1 or email: info@azexp.com
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