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Originally Posted by RIJIMMY
that report is for the US, not all markets. Houses where we are moving in TX are selling in a day or so on the market. In MA, Mansfield and Franklin have really kept their values and remain in high demand. Its all about location. We had 25 people at our open house, 3 offers and sealed the deal in 8 days. Many people I know if town have had similar experiences.
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Days-on-market and selling price are two different things. According to Zillow, home prices in Mansfield are down 1.6% from last year. Franklin is down 5.1%. Granted, that's Zillow but in my opinion, probably just as accurate as the governmental data.
Let's also not forget that a lot of banks have settles some of their foreclosure issues with the government and there's the potential for another injection of foreclosures and shore-sales.
Congrats on the quick sale of your house. A good friend of mine had his house on the market in Foxboro for almost 3 months before a realistic offer came in.
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