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That’s because fewer homes are being placed under contract. Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. Consider the Price Brackets. Real estate websites set up their property search tools with price brackets. How much do you adjust the price?
The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. Since 2005, Lamacchia Realty has utilized data to refine a pricing model for homes, introducing the Lamacchia Realty Target Pricing Model in 2007.
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