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Are all price points selling?

There is much discussion about how the real estate market is in the middle of its turnaround based on sales increasing on a year-over-year basis. Though the fact that housing is again moving is fabulous news, let’s not lose sight of which homes are selling. Here is a closer look at different price ranges and how they are faring in the current ‘boom’:

$0-100,000 sales up 38.8%
$100,000 – 250,000 sales up 8.7%
$250,000 -5 00,000 sales down 6.2%
$500,000 – 750,000 sales down 8.9%
$750,000 – 1,000,000 sales down 10.6%
$1,000,000 – 2,000,000 sales down 23.3%
$2,000,000+ sales down 32.4%

As we can see, this rebound has only affected the lower price points. Make sure your upper end sellers realize what is actually happening behind the headlines.

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