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Toby Lumpkin

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Tobias Lumpkin Lends Insight to Wall Street Journal Feature on Homes Selling $500K Above List Price

A recent edition of the Wall Street Journal covered a growing prevalence for homes in hot markets to sell for $500,000 or more above the list price, leveraging Realogics Sotheby’s International Realty broker Tobias Lumpkin for insight on the Seattle market. As outlined in the article, the housing market continues to experience gains around the nation, and fierce competition led to nearly a quarter of the homes sold in the U.S. in 2017 closing above their original asking price. Though most homes average $7,000 above list, some hot markets are seeing escalations of a half a million dollars or more.

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