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Current State of the Market

• Values are strong, despite less overall home sales compared to this time last year.
• Homes with some updates that are well-priced and in sought-after areas are still selling relatively quickly.
• Homes requiring renovations or major work have stayed on the market for a bit longer.
• Buyers have some negotiating power with homes that have been on the market for a few weeks.
• Current interest rate on the 30-year Conventional mortgage hovers around 6.8% on average.