Quote:
Originally Posted by caryIte1
Going back to the original topic ...
A perfect example is Harmony in Cary. This one had a big turnover in last 6 months. If you compare what's listed out there with what sold earlier in the year, you will see what I am talking about.
I see this as a good news for buyers. In next 2 months more inventory will come in. That will stabilize and normalize the crazy prices that we saw in last 3 months.
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As a buyer I hope what you are saying is true, while I have seen exactly what you say happen in Harmony : similar/same homes on terrible lots (non-private and backing to the major street that runs through) were selling in days and identical homes on larger (in comparison) and more private lots had price reductions and sat for a while. On the other hand I don't see this happening (wish it was) in other desirable neighborhoods, it might just be a Harmony specific thing. But as a buyer, I sure hope you are right
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