Four of last week's 6 closed sales came in under their original list price, bringing our sales to list price ratio below 100% for the 3rd time in 4 weeks.
While days on market have been trending a bit higher, this week's numbers are skewed by one listing which sat on the market for 297 days before selling. Take that listing out of the equation and our average DOM would be right around 31 days.
Lower inventory has not translated into more competition and shorter time on the market as one might expect. At least not yet. We'll see if this changes as we close out the summer season.
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