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September saw a more pronounced slackening in the marketplace. Several major barometers are turning downward. While this is all relative, the pace of sale is higher than anything that had been seen prior to 2016, it is a notable slowdown from the rocketing market activity seen in March through May of this year. Previously lower priced MLS areas were regularly selling at 2% over asking price on average. They’re now selling at asking price. Time on market is lengthening, taking two days longer to sell than the same time last year. Sales units were down by 6% last month, there are 5% more homes for sale than the same time last year and pending sales are 15% lower than they were 12 months prior. Factoring in that interest rates are nearly 1% more than the same time last year, on a 30-year note, the September 2018 buyer is paying 20% more each month than the September 2017 buyer. Is it any surprise that a slowdown is being seen?September