Hmm.
Thursday, one block over, a home went on the market. They advertised an open house for the upcoming Sunday.
Saturday, the open house sign was gone and the listing revealed the house was under contract.
I guess it all depends on where you live.
House Prices around here are still double what they were in 1999.
Double. They are 10% lower than 6 months ago, but still double 1999.
Neighbors house sat on market for $690-650K for a year from 1998-1999. in 2020 he re-lists it for $999,999. Sells in a day for $1.2M. Zillow says $1.4 today.
Yet, nobody else is selling.
It definitely depends on your location. Generally speaking, I am seeing houses sell in my area but now they are consitently not selling for the asking price when that was not the case last year. Last year it was almost like “Name your price”.... totally nuts!