Tuesday, November 9, 2010
That's down 3% just between September and October! Wow.
And the result?
A greed-driven divergence between List vs. Sold price per square foot.
That's what happens when all but the dumbest, most delusional sellers take their ball and go home and wait for the market to "return to normal." Current sellers know there's no quality inventory out there and it makes them cocky and emboldened.
As we enter the winter months we'll see if that approach pays off.