What has caused the current real estate market slowdown?
PRICING!!!!
Real estate is the ultimate supply/demand scenario. As prices go up, demand goes down.
Why so many people are still listing their house at some unreasonable price is beyond me. The market is such that if you price your house reasonably it will sell. The prices of homes are stable and still increasing slightly in the areas where new building is minimal. Your home is only worth what someone else is willing to pay.
Overpricing will cause you more stress that is necessary. If your house is listed for a couple of weeks and you have received no offers, reduce the price.
Once sellers start getting more in line with what buyers are willing to spend, the market will shake
its current funk. And believe me, there are buyers out there, they are just waiting for you to price
your home within reason.
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