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Real Estate Market News
Recovery Not Converting to Volume
As we said last week, the increase in buyer numbers and the positive change to market sentiment is still not converting into a distinct increase in the number of properties coming up for sale.
Homes are again selling for prices in excess of their reserves as more potential buyers engage in bidding. Unfortunately the stronger number of bidders, that we saw yet again at a number of today’s auctions, still isn’t tempting potential sellers to come forth.
With spring just around the corner, we can only hope for an increase in the number of properties for sale to take advantage of buyer demand.

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