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Mentor
High interest rates keeping sellers at bay too. Who wants to give up their 2.x% rate to move. It’s reduced both buyers and sellers.
NJ- sellers market with low inventory. Homes still going for 20-80k over ask.
Agreed-it’s crazy in Nj with cash flowing from NY/CA
Yes
Birdseed!
Subject Expert
Depends on the market. Real estate is very market specific, and even submarket specific.
In highly desirable submarkets, houses are going over ask, and prices are rising. In many submarkets, houses are sitting for 30+ days and prices are falling.
Depends on where you are. If you’re in the South or affordable parts of the west, Sellers. If you’re in California, or the North, Buyers.
Subject Expert
Have had 3 friends in 3 different submarkets in California put their houses up for sale in the past month, and all 3 got multiple offers over ask. Many sub-markets in California are already sellers markets.
It seems investors are out buying cash and pumping offers.
Sellers market still. Houses here go pending usually within a day for full ask sometimes up to 10% over