Jun 15, 2021
10:47:26am
BYUFBDAD All-American
you first see it when agents set deadlines for offers, and the home is still
available after the deadline has past. Then you see deadlines not being set at all, then you see 'days on market' increasing, then you start to see a few price reductions here and there. That's where we are, a few price reductions on homes currently for sale, and an increase in inventory. I would expect an acceleration of homes coming on the market now, as sellers notoriously make the stupid mistake of waiting for the peak and THEN once they see it they rush to market. Too late. It's self-defeating, now they're one of an increasing number of sellers fighting for a shrinking pool of buyers.

Market times are increasing here, but from 3-7 days to 14-21 so far. Still a strong market, but too many people have had unreasonable expectations set for how long it normally takes to sell a home when the market is closer to equilibrium.
This message has been modified
Originally posted on Jun 15, 2021 at 10:47:26am
Message parent changed from https://www.cougarboard.com/board/message.html?id=26310411 to https://www.cougarboard.com/board/message.html?id=26310362 by BYUFBDAD on Jun 15, 2021 at 10:47:36am
Message modified by BYUFBDAD on Jun 15, 2021 at 10:47:59am
Message modified by BYUFBDAD on Jun 15, 2021 at 10:51:41am
BYUFBDAD
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BYUFBDAD
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