Happy Friday everyone!
Competition remains selective with 43% of new contracts receiving multiple offers, averaging 1.2 offers per property. Buyers are being choosy about where they compete.
When buyers do find the right property, they're still willing to take risks. 57% had no inspection contingencies this week.
On pricing, 36% of buyers paid above list price, 43% negotiated to list price, and 21% secured below-list deals.
The bottom line is selective competition for well-positioned properties.
We'll have more detailed analysis and community by community breakdown on Monday.
Got questions? Call me at 301-564-3068 and remember I'm here to help you love where you live.
Have a spectacular weekend!
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