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Will the real estate market slow down?

You have probably read or talked to friends how “hot” the real estate market is. And it has been “red hot,” with multiple offers on properties from qualified buyers driving the final sales price up $25,000, $50,000, $100,000 or more over the asking price. However selling too quickly can be a mistake and there you may be leaving money on the table.

All real estate markets slow down at some point. We have seen a minor adjustments already with a few homes not getting multiple offers and selling over the listed price. Mortgage rates remain awesome but some buyers may be ready for a break from having to compete all the time with multiple offers. Many buyers may take a vacation this summer as more places open up.

We expect the rest of the summer to still be a seller’s market but slightly less hot then the first half of the year. Many homes will still get multiple offers but not all. Price appreciation may take a breather.

A slight slow down means getting your home ready for sale will become more important if you want top value. Even decluttering can make a difference. With the Compass Concierge program you can get the money for painting, new flooring, repairs, landscaping, staging and more at no cost to the home owner. Call or email us for details.

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