List to sales price ratios have dropped below 100% for the first time since last March. 📉
Which means what they're asking for the home and what they actually sell the home for. 💰
📍 In our marketplace, Chester, Delaware, Montgomery counties, that number has maintained above 100% and around the 96-97% range through the month of July in the city of Philadelphia.
The Redfin report says that the housing slowdown is absolutely happening. 👀
These reports and headlines can be clickbait. 🚨
Tune into episode 287 of Tom's Take for some specific stats and details regarding the report, inventory levels, and what it means for buyers and sellers looking to make a move. 👏
🎬 Missed episodes 1-286? visit here: http://bit.ly/TomsTakeChannel
#TomsTake #TTSG #SalesPrices #HomeSales #RealEstateUpdate #TomTooleSalesGroup