Pulse is a recurring column where we ask for readers’ takes on varying topics in a weekly survey and report back with our findings.
TAKE THE INMAN INTEL SURVEY FOR JULY
While we’ve long hoped for a rise in inventory, the result in some markets has been homes sitting on the market for longer than we’re used to, with frustrated sellers holding firm on prices and buyers believing their patience is (or should be) rewarded with greater negotiation power. In short, everybody wants what they want when they want it.
So in response to that stalemate, we wanted to know: Are you seeing prices dip in your market? If so, by how much? How are you setting expectations with sellers, and what are you advising your buyer clients? Are sellers choosing to delist, or are you finding ways to refresh stale listings without a price drop? Here’s what you said:
- They are relatively flat right now due to increased inventory and too many buyers who are sitting on the fence
- Home prices are staying steady, but the condo market is taking a nose dive. We have well over a year of supply in the condo market, forcing prices way down
- Buyers and sellers standing their ground and no movement on lower interest rates for buyers and sellers
Editor’s note: These responses were given anonymously and, therefore, are not attributed to anyone specifically. Responses were also edited for grammar and clarity. Inman doesn’t endorse any specific method and regulations may vary from state to state.
What did we miss? Please share your thoughts in the comments section below.
