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buyers market
Lets brain storm about buyer’s market definitions for CMA’s or if you are talking to sellers or buyers remember to call them competitive market analysis or market analysis. I know you’ve heard me say there are so many homes ON the market and a few homes IN the market. So here’s a low down on the current status of homes and properties today on the market and in a market. When you review Actives (for sale listings), Pendings/sti (listings with offers), expireds(listings that didn't sell) and solds (sold listings)remember these things. Actives- homes that haven’t sold especially if they have been on the market over 2 weeks, they are like the new expireds in a buyers market. These are homes that are just on the market. you have 2 choices right now as a seller!  you can price a property to sell or price it to sit!  STI/Pending- Homes that have offers (smart enough to price it to sell and to work it out) These are the homes/properties that are IN the market! When using pendings and STI for pricing make sure to look closely at there market time- if there market time is 30, 60, 90 or more days- I bet they ... more

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