houses are finally selling in my neighborhood
I'm not in the market to sell mine any time in the foreseeable future but this spring I have finally noticed that houses are selling and some are selling fairly quickly. Since the great recession hit I have rarely seen a SOLD sign - lots of stuff went up for sale but not much ever seemed to sell. Prices have dropped drastically of course but it seems sellers have finally gotten in line with reality on pricing and things are now moving. Even though prices have dropped it's still kind of reassuring to know what price houses are selling for. It seems the strategy here is to put in on the market significantly over the price you want to get and then drop the price a few times - like no one will consider anything unless they see that the price has dropped a few times. Even if it was inflated to start with.