We are definitely seeing a change in the market. And we are not seeing a change in the market. Boy, it’s more confusing than ever.
Here’s the feedback I’m getting from Buyers:
-Some Sellers have reduced the prices, and actually listening to offers
-Some Sellers are still sitting with their prices in 2005-mode. And, well, you know the deal there…
-Some Agents are clueless when we try to tell them a property is overpriced.
Bottom line:
-Sellers with overpriced properties are still for the most part sitting high and mighty and waiting for the right Buyer to come along. They may be waiting quite a while.
-Sellers who really want to sell are selling.
-It’s not a Buyer’s market.
-The changing market hasn’t shaken out the clueless real estate agents yet.