“While I’m seeing some significant price reductions in our area...”
Not where I am....yet anyway.
A house up the street that happens to have the same floor plan as mine sold for only $3500 less than asking.....I guess that’s better than last year when the one across the street sold for $39000 OVER asking......in less than a week.
Lady on my street put her house on the market for $725,000...accepted an offer for $700,000 two days later. The $25,000 was the “greed” layer, so I think she was wise to take the $700,000, which is still high and a good price. I loved the 2-day offer.