What We Notice

Here are some observations we have about the market right now:

Inventory is up, price reductions are up, the length of time to sell a home is up
Seller concessions are more prevalent
Sellers are more willing to accept contingent offers (especially in higher price ranges)
If a home doesn’t sell within a week, it often becomes stigmatized by the market and potential buyers assume there must be something wrong with it
Homes that likely would have sold within hours a year ago, are now sitting on the market
Condition is super-important as buyers become even more picky
Pricing a property correctly on day one is paramount
Sellers who over-price their property are finding themselves chasing the market