September saw median home sale prices across all property types drop 4.7% compared to September of last year, with homes selling for a median price of $610,000. The median number of days from listing a home until a contract is ratified has increased 200%, increasing to 9 days. After becoming used to the red hot real estate market, 9 days feels like an eternity. Much of the overall decline can be attributed to the condo/co-op market, which is still trying to recover during the pandemic. There were 685 homes sold in September this year, down from 949 last year. Inventory continues to be a challenge with the number of active listings declining year-over-year. Source: BrightMLS. Sept 2020 - Sept 2021, Washington. DC
With the use of digital marketing, predictive analytics, social media targeting, email campaigns, and listing placements on prominent national websites as well as all local realtor websites, Rina leverages the full power of the internet to her client’s advantage.
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