Quarterly Market Statistics - 2023 Q3
Units Sold:
22,481
Average Sold Price:
$420,617
Average Sold Discount:
4%
Average Price Reduction:
2%
Average DOM:
55
Sold Listings
22,481
-9% from 2022
Average
$420,617
2% from 2022
Typical
$262k to $469k
$265k to $463k in 2022
Homes Sold per Price Range
A visual price spectrum representation
$1kto$42k | $42kto$83k | $83kto$124k | $124kto$165k | $165kto$245k | $245kto$326k | $326kto$407k | $407kto$487k | $487kto$568k | $568kto$648k | $648kto$729k | $729kto$809k | $809kto$890k | $890kto$3.9M | $3.9Mto$6.8M | $6.8Mto$9.8M | $9.8Mto$12.8M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 12 | 129 | 327 | 655 | 3,211 | 6,162 | 4,331 | 2,513 | 1,525 | 1,030 | 712 | 440 | 306 | 1,104 | 19 | 2 | 3 |
2022 | 9 | 147 | 375 | 716 | 3,551 | 6,401 | 4,972 | 2,997 | 1,713 | 1,071 | 744 | 442 | 333 | 1,077 | 23 | 2 |
Average
$180
1% from 2022
Typical
$142 to $194
$141 to $193 in 2022
Number of Homes Sold by Sold Price per Square Foot
Breaking down the market by $/SF ranges
$1to$28 | $28to$55 | $55to$82 | $82to$109 | $109to$132 | $132to$155 | $155to$178 | $178to$201 | $201to$224 | $224to$248 | $248to$271 | $271to$294 | $294to$317 | $317to$590 | $590to$863 | $863to$1,136 | $1,136to$1,409 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 4 | 29 | 207 | 882 | 2,570 | 4,985 | 5,546 | 3,438 | 1,711 | 902 | 478 | 335 | 230 | 1,033 | 81 | 5 | 3 |
2022 | 2 | 40 | 234 | 892 | 2,933 | 5,749 | 5,822 | 3,829 | 1,956 | 924 | 526 | 341 | 222 | 982 | 53 | 9 | 3 |
Avg Days to Sell
55
65% from 2022
Typical Days to Sell
7 to 66
5 to 38 in 2022
Days on the Market Distribution
The number of homes sold in each DOM range
to26 | 26to52 | 52to78 | 78to104 | 104to130 | 130to156 | 156to182 | 182to208 | 208to234 | 234to582 | 582to931 | 931to1,279 | 1,279to1,627 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 11,613 | 3,936 | 2,164 | 1,328 | 855 | 532 | 371 | 301 | 251 | 1,107 | 19 | 2 | 2 |
2022 | 15,858 | 4,219 | 1,877 | 932 | 508 | 326 | 239 | 152 | 103 | 329 | 15 | 3 |
Avgerage
2%
40% from 2022
Typical
0% to 3%
0% to 2% in 2022
Price Reduction Distribution
Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)
-47%to-35% | -35%to-23% | -23%to-12% | -12%to0% | 0%to1% | 1%to2% | 2%to3% | 3%to5% | 5%to6% | 6%to7% | 7%to8% | 8%to9% | 9%to10% | 10%to20% | 20%to29% | 29%to39% | 39%to48% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 4 | 8 | 14 | 992 | 14,114 | 1,115 | 1,189 | 1,074 | 866 | 602 | 549 | 437 | 357 | 933 | 144 | 34 | 12 |
2022 | 4 | 10 | 81 | 1,466 | 16,462 | 928 | 1,059 | 1,000 | 733 | 602 | 436 | 404 | 283 | 888 | 121 | 24 | 7 |
Average
4%
55% from 2022
Typical
0% to 6%
to 5% in 2022
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
-49%to-38% | -38%to-26% | -26%to-15% | -15%to-3% | -3%to-1% | -1%to1% | 1%to3% | 3%to5% | 5%to7% | 7%to9% | 9%to11% | 11%to13% | 13%to15% | 15%to24% | 24%to33% | 33%to41% | 41%to50% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 8 | 11 | 52 | 1,050 | 1,501 | 5,655 | 3,742 | 3,212 | 2,262 | 1,548 | 1,077 | 742 | 447 | 809 | 201 | 82 | 30 |
2022 | 10 | 14 | 99 | 2,848 | 2,469 | 6,332 | 3,428 | 2,812 | 1,962 | 1,408 | 996 | 676 | 437 | 747 | 193 | 54 | 20 |
Avgerage
2%
74% from 2022
Typical
0% to 4%
to 3% in 2022
Negotiated Discounts from Final List Price
The percentage difference between final list price and closed price, distributed
-45%to-35% | -35%to-24% | -24%to-14% | -14%to-3% | -3%to-2% | -2%to-1% | -1%to1% | 1%to2% | 2%to4% | 4%to5% | 5%to7% | 7%to8% | 8%to9% | 9%to19% | 19%to29% | 29%to39% | 39%to49% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 5 | 13 | 48 | 1,056 | 922 | 1,436 | 7,395 | 3,619 | 2,764 | 1,825 | 1,106 | 734 | 420 | 936 | 129 | 48 | 13 |
2022 | 8 | 15 | 100 | 2,421 | 1,527 | 1,897 | 8,002 | 3,279 | 2,510 | 1,569 | 1,015 | 728 | 419 | 887 | 154 | 30 | 10 |
Sold Homes by Month Closed
July | August | September | |
---|---|---|---|
2023 | 7,602 | 8,000 | 6,879 |
2022 | 8,343 | 8,439 | 7,792 |
Monthly New Listings
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2023 | 1,688 | 2,738 | 4,503 | 7,576 | 11,451 | 17,455 |
2022 | 1,742 | 2,683 | 4,276 | 7,240 | 11,283 | 18,748 |
New Pending Contracts per Month
Tracking the number of homes that go from active to pending, by month
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2023 | 219 | 564 | 867 | 1,155 | 2,548 | 9,233 |
2022 | 285 | 656 | 1,054 | 1,324 | 2,759 | 9,711 |
Average Days to Sell versus List Price
Modeling the market pace across the price spectrum
$66k | $88k | $110k | $133k | $155k | $177k | $199k | $222k | $246k | $270k | $294k | $318k | $342k | $366k | $390k | $415k | $439k | $463k | $487k | $511k | $535k | $559k | $583k | $838k | $1.3M | $1.8M | $2.3M | $2.8M | $3.3M | $3.8M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 50 | 55 | 41 | 51 | 40 | 45 | 48 | 45 | 42 | 46 | 51 | 54 | 55 | 60 | 61 | 57 | 65 | 60 | 55 | 65 | 55 | 61 | 63 | 61 | 67 | 95 | 98 | 129 | 97 | 108 |
2022 | 42 | 34 | 42 | 37 | 30 | 28 | 24 | 25 | 25 | 24 | 28 | 30 | 33 | 32 | 34 | 37 | 34 | 39 | 36 | 38 | 39 | 35 | 34 | 40 | 47 | 53 | 99 | 83 | 135 | 189 |
Average Days to Sell versus Price per Square Foot
A closer look at how price bracket impacts the market pace
$40.11 | $53.14 | $66.16 | $79.19 | $92.22 | $105.25 | $118.27 | $127.83 | $133.92 | $140.01 | $146.1 | $152.19 | $158.28 | $164.37 | $170.46 | $176.55 | $182.64 | $188.72 | $194.81 | $200.9 | $206.99 | $213.08 | $219.17 | $269.63 | $364.45 | $459.28 | $554.1 | $648.93 | $743.75 | $838.58 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 89 | 95 | 51 | 44 | 53 | 52 | 50 | 52 | 47 | 51 | 51 | 51 | 51 | 49 | 50 | 53 | 56 | 51 | 62 | 57 | 60 | 62 | 61 | 62 | 78 | 75 | 78 | 96 | 92 | 69 |
2022 | 63 | 35 | 52 | 30 | 34 | 32 | 28 | 24 | 28 | 26 | 29 | 26 | 27 | 31 | 30 | 28 | 33 | 31 | 37 | 35 | 44 | 44 | 44 | 44 | 41 | 65 | 119 | 74 | 39 | 105 |
Average Days to Sell versus Home Size
Market momentum as segemented by square footage range
559 | 672 | 785 | 898 | 1,011 | 1,124 | 1,237 | 1,352 | 1,470 | 1,588 | 1,706 | 1,823 | 1,941 | 2,059 | 2,177 | 2,295 | 2,413 | 2,531 | 2,649 | 2,766 | 2,884 | 3,002 | 3,120 | 3,649 | 4,589 | 5,529 | 6,469 | 7,409 | 8,349 | 9,289 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 44 | 56 | 57 | 45 | 46 | 52 | 48 | 47 | 47 | 52 | 51 | 54 | 54 | 57 | 49 | 59 | 50 | 59 | 61 | 55 | 53 | 68 | 55 | 58 | 65 | 84 | 72 | 135 | 110 | 236 |
2022 | 34 | 39 | 32 | 43 | 33 | 34 | 30 | 26 | 26 | 28 | 32 | 33 | 33 | 34 | 31 | 32 | 33 | 38 | 35 | 37 | 33 | 35 | 31 | 32 | 40 | 58 | 95 | 146 | 38 | 131 |
Year Built versus Time-to-Sell
Buyer demand trends from the Roaring Twenties to modern marvels
1883 | 1898 | 1913 | 1929 | 1944 | 1959 | 1974 | 1983 | 1986 | 1988 | 1991 | 1994 | 1996 | 1999 | 2001 | 2004 | 2006 | 2009 | 2011 | 2014 | 2017 | 2019 | 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 29 | 96 | 65 | 81 | 58 | 49 | 42 | 39 | 41 | 38 | 31 | 35 | 37 | 38 | 37 | 38 | 41 | 38 | 37 | 39 | 46 | 48 | 164 |
2022 | 27 | 43 | 64 | 38 | 51 | 37 | 27 | 24 | 25 | 21 | 21 | 23 | 25 | 24 | 24 | 23 | 27 | 25 | 23 | 24 | 23 | 25 | 58 |
Average Days-to-Sell for Each Month
July | August | September | |
---|---|---|---|
2023 | 54 | 54 | 57 |
2022 | 28 | 32 | 40 |
Price per Square Foot versus Total Sq Ft
The correlation between total home size and sold price per square foot
544 | 628 | 711 | 795 | 879 | 962 | 1,046 | 1,153 | 1,284 | 1,415 | 1,545 | 1,676 | 1,807 | 1,937 | 2,068 | 2,199 | 2,330 | 2,460 | 2,591 | 2,722 | 2,852 | 2,983 | 3,114 | 3,649 | 4,589 | 5,529 | 6,469 | 7,409 | 8,349 | 9,289 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | $283 | $224 | $185 | $228 | $209 | $187 | $187 | $188 | $185 | $185 | $180 | $174 | $170 | $172 | $171 | $169 | $170 | $170 | $167 | $169 | $169 | $176 | $172 | $185 | $220 | $270 | $275 | $423 | $404 | $574 |
2022 | $312 | $239 | $194 | $214 | $193 | $182 | $189 | $188 | $185 | $184 | $176 | $172 | $171 | $171 | $170 | $170 | $168 | $166 | $165 | $163 | $166 | $173 | $173 | $180 | $212 | $258 | $306 | $498 | $266 | $354 |
Available Units
9,463
Total Sold
5,555
Average
4%
55% from 2022
Typical Discount
0% to 6%
to 5% in 2022
New Construction Homes
Units Sold:
5,555
Average Sold Price:
$424,465
Average Sold Discount:
4%
Average Price Reduction:
2%
Average DOM:
92
Sold Listings
5,555
13% from 2022
Average
$424,465
0% from 2022
Typical
$294k to $453k
$304k to $465k in 2022
New Homes Sold per Price Range
A visual price spectrum representation
$132kto$156k | $156kto$180k | $180kto$205k | $205kto$229k | $229kto$288k | $288kto$347k | $347kto$405k | $405kto$464k | $464kto$522k | $522kto$581k | $581kto$640k | $640kto$698k | $698kto$757k | $757kto$3.5M | $3.5Mto$6.3M | $6.3Mto$9.0M | $9.0Mto$11.8M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 16 | 36 | 56 | 170 | 972 | 1,380 | 1,036 | 583 | 395 | 250 | 172 | 135 | 76 | 268 | 9 | 1 | |
2022 | 6 | 13 | 32 | 93 | 732 | 1,120 | 1,036 | 619 | 380 | 269 | 157 | 137 | 93 | 201 | 6 |
Average
$184
-2% from 2022
Typical
$155 to $195
$161 to $203 in 2022
Number of New Homes Sold by Sold Price per Square Foot
Breaking down the market by $/SF ranges
$87to$98 | $98to$110 | $110to$121 | $121to$133 | $133to$147 | $147to$161 | $161to$175 | $175to$189 | $189to$203 | $203to$218 | $218to$232 | $232to$246 | $246to$260 | $260to$525 | $525to$790 | $790to$1,055 | $1,055to$1,320 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 2 | 6 | 53 | 217 | 593 | 1,007 | 1,059 | 903 | 629 | 381 | 222 | 124 | 71 | 255 | 20 | 2 | 1 |
2022 | 1 | 6 | 19 | 93 | 461 | 658 | 870 | 858 | 722 | 464 | 290 | 147 | 80 | 203 | 13 |
Avg Days to Sell
92
53% from 2022
Typical Days to Sell
17 to 123
10 to 83 in 2022
Days on the Market Distribution - New Homes
The number of homes sold in each DOM range
to36 | 36to73 | 73to109 | 109to145 | 145to182 | 182to218 | 218to254 | 254to291 | 291to327 | 327to515 | 515to703 | 703to891 | 891to1,079 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 2,199 | 1,059 | 729 | 441 | 248 | 182 | 166 | 142 | 108 | 252 | 24 | 2 | 3 |
2022 | 2,501 | 969 | 554 | 325 | 213 | 128 | 69 | 49 | 30 | 48 | 4 | 2 |
Avgerage
2%
177% from 2022
Typical
0% to 4%
0% to 3% in 2022
Price Reduction Distribution
Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)
-35%to-26% | -26%to-18% | -18%to-10% | -10%to-2% | -2%to0% | 0%to1% | 1%to3% | 3%to4% | 4%to6% | 6%to7% | 7%to9% | 9%to10% | 10%to12% | 12%to19% | 19%to27% | 27%to34% | 34%to42% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 2 | 2 | 7 | 267 | 440 | 2,544 | 409 | 404 | 388 | 253 | 248 | 174 | 137 | 229 | 40 | 7 | 2 |
2022 | 2 | 8 | 97 | 710 | 325 | 2,309 | 237 | 261 | 228 | 164 | 158 | 108 | 102 | 155 | 19 | 1 |
Average
4%
69% from 2022
Typical
0% to 7%
to 6% in 2022
Discounts Distribution - From Initial List Price
Number of homes sold from each discount rack
-37%to-28% | -28%to-19% | -19%to-10% | -10%to-2% | -2%to0% | 0%to2% | 2%to4% | 4%to5% | 5%to7% | 7%to9% | 9%to11% | 11%to12% | 12%to14% | 14%to22% | 22%to30% | 30%to39% | 39%to47% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 5 | 4 | 17 | 250 | 1,392 | 666 | 713 | 615 | 533 | 400 | 293 | 223 | 163 | 241 | 31 | 3 | 3 |
2022 | 1 | 9 | 61 | 713 | 1,456 | 556 | 445 | 386 | 302 | 256 | 206 | 168 | 111 | 182 | 28 | 2 |
Avgerage
2%
11% from 2022
Typical
0% to 3%
0% to 3% in 2022
Negotiated Discounts from Final Builder List Price
The percentage difference between final list price and closed price, distributed
-44%to-34% | -34%to-23% | -23%to-12% | -12%to-2% | -2%to-1% | -1%to1% | 1%to2% | 2%to3% | 3%to4% | 4%to5% | 5%to6% | 6%to7% | 7%to8% | 8%to15% | 15%to22% | 22%to29% | 29%to36% | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 2 | 2 | 12 | 262 | 194 | 2,221 | 643 | 599 | 474 | 325 | 251 | 167 | 123 | 248 | 27 | 2 | 3 |
2022 | 2 | 3 | 14 | 201 | 187 | 2,240 | 550 | 461 | 343 | 251 | 172 | 118 | 86 | 226 | 21 | 19 | 1 |
New Homes Sold Homes by Month Closed
July | August | September | |
---|---|---|---|
2023 | 1,774 | 1,862 | 1,919 |
2022 | 1,506 | 1,633 | 1,756 |
Monthly New Listings
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2023 | 798 | 1,192 | 2,045 | 3,106 | 3,800 | 3,912 |
2022 | 929 | 1,206 | 2,041 | 2,972 | 3,604 | 3,616 |
New Pending Contracts per Month
Tracking the number of homes that go from active to pending, by month
January | February | March | April | May | June | |
---|---|---|---|---|---|---|
2023 | 173 | 338 | 500 | 755 | 1,342 | 2,782 |
2022 | 234 | 432 | 685 | 899 | 1,355 | 2,226 |
Average Days to Sell versus List Price
Modeling the market pace across the price spectrum
$140k | $157k | $174k | $191k | $208k | $225k | $242k | $260k | $279k | $298k | $316k | $335k | $354k | $372k | $391k | $410k | $429k | $447k | $466k | $485k | $503k | $522k | $541k | $789k | $1.3M | $1.7M | $2.2M | $2.7M | $3.2M | $3.7M | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 143 | 70 | 90 | 125 | 68 | 72 | 61 | 61 | 68 | 77 | 85 | 87 | 93 | 96 | 106 | 97 | 89 | 107 | 113 | 89 | 102 | 100 | 90 | 114 | 131 | 194 | 159 | 193 | 289 | 12 |
2022 | 82 | 34 | 42 | 35 | 43 | 35 | 42 | 53 | 53 | 60 | 51 | 64 | 64 | 66 | 65 | 57 | 73 | 66 | 68 | 64 | 57 | 64 | 72 | 99 | 104 | 249 | 120 | 16 | 488 |
Average Days to Sell versus Price per Square Foot
A closer look at how price bracket impacts the market pace
$90.55 | $106.69 | $114.76 | $122.83 | $130.9 | $138.97 | $145.29 | $149.85 | $154.42 | $158.99 | $163.56 | $168.13 | $172.69 | $177.26 | $181.83 | $186.4 | $190.97 | $195.53 | $200.1 | $204.67 | $209.24 | $213.81 | $258.47 | $343.22 | $427.98 | $512.74 | $597.49 | $682.25 | $767.01 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 168 | 146 | 51 | 92 | 97 | 89 | 83 | 84 | 96 | 88 | 89 | 89 | 79 | 89 | 91 | 89 | 73 | 100 | 83 | 84 | 100 | 92 | 102 | 132 | 184 | 156 | 274 | 287 | 108 |
2022 | 54 | 42 | 52 | 71 | 47 | 60 | 57 | 56 | 56 | 54 | 62 | 47 | 51 | 56 | 52 | 52 | 61 | 57 | 58 | 74 | 63 | 67 | 64 | 67 | 90 | 91 | 167 | 260 | 367 |
Average Days to Sell versus Home Size
Market momentum as segemented by square footage range
675 | 796 | 917 | 1,038 | 1,159 | 1,280 | 1,401 | 1,507 | 1,599 | 1,691 | 1,783 | 1,874 | 1,966 | 2,058 | 2,150 | 2,242 | 2,334 | 2,426 | 2,518 | 2,609 | 2,701 | 2,793 | 2,885 | 3,386 | 4,295 | 5,204 | 6,114 | 7,023 | 7,932 | 8,841 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 47 | 44 | 45 | 78 | 81 | 46 | 90 | 61 | 94 | 80 | 90 | 78 | 97 | 83 | 87 | 93 | 99 | 82 | 94 | 111 | 85 | 98 | 129 | 115 | 140 | 141 | 150 | 101 | 324 | 228 |
2022 | 82 | 33 | 43 | 27 | 46 | 37 | 40 | 43 | 58 | 55 | 50 | 54 | 63 | 60 | 66 | 53 | 73 | 65 | 82 | 66 | 76 | 53 | 68 | 67 | 70 | 94 | 149 | 161 | 395 | 216 |
Average Days-to-Sell for Each Month
July | August | September | |
---|---|---|---|
2023 | 99 | 93 | 84 |
2022 | 54 | 61 | 64 |
Price per Square Foot versus Total Sq Ft
The correlation between total home size and sold price per square foot
665 | 764 | 864 | 963 | 1,062 | 1,162 | 1,261 | 1,362 | 1,463 | 1,564 | 1,665 | 1,767 | 1,868 | 1,969 | 2,070 | 2,172 | 2,273 | 2,374 | 2,475 | 2,577 | 2,678 | 2,779 | 2,880 | 3,386 | 4,295 | 5,204 | 6,114 | 7,023 | 7,932 | 8,841 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | $217 | $380 | $182 | $169 | $188 | $183 | $184 | $185 | $195 | $184 | $180 | $188 | $176 | $179 | $171 | $168 | $169 | $171 | $181 | $172 | $166 | $166 | $173 | $189 | $252 | $310 | $394 | $466 | $565 | $1,320 |
2022 | $131 | $291 | $222 | $201 | $199 | $199 | $192 | $198 | $198 | $193 | $188 | $188 | $183 | $187 | $174 | $180 | $183 | $181 | $183 | $179 | $163 | $167 | $172 | $195 | $220 | $298 | $382 | $382 | $600 | $735 |
Available Units
9,463
Total Sold
5,555
Average
4%
69% from 2022
Typical Discount
0% to 7%
to 6% in 2022
Available Units
9,463
Total Sold
5,555
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