Quote:
Originally Posted by photon
There's a lot of hidden inventory out there right now though, until that gets cleared out will prices do much advancing?
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Yeah, I too believe there's going to be a ton of houses going up for sale, even though the school year is fast approaching.
Prices aren't advancing. The > ~$450K is still pretty slow (60-90 days). Above $500K is comatose.
It's the $400-450K market that's hopping right now, because that is the limit of affordability of new buyers. Anybody else is pretty well doing an upgrade from a smaller property.