The market is tilted way over to the buyers and mortgage rates have slowly decreased - and very nice homes have taken multiple price reductions. So where are the buyers? Is it possible that there are not as many as in years past?
I am currently sitting an open house for a spacious well showing '5' bedroom centrally located - and foot traffic is very light. And those that are coming in - just don't seem to have the passion to buy. They go through the motions, but are they engaged in the process?
Where did the buyers go? Sellers started the year thinking of the high resale values and had to re-adjust their sites. Could buyers have been scared off from the high values of last year? Is this a year of flux?
And what will it take to sell a fantastic '5' bedroom house in this market?
