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I have seen an increase around Bangkok in the number of agents offering "extra services.". Otherwise, a few promotions and freebies, but no deep discounts. Prime land is running over 50 million USD per acre, but there is almost none for sale.
In Central NY, there are dozens of offers around the $150K-$175K homes. My friend is trying to buy a house and for this last offer, she put it in for $15K over asking and still was outbid because people are waiving inspections with their offers.
In Central NY, there are dozens of offers around the $150K-$175K homes. My friend is trying to buy a house and for this last offer, she put it in for $15K over asking and still was outbid because people are waiving inspections with their offers.
I've heard the same thing from family outside of the Rochester area. Not so much that houses are going over asking price, but because there's such a small inventory people are willing to jump on a house at asking price and waive the inspection to get it under contract.
New homes listed are down 26%
Sales are down 8.1%
Inventory is up 34% (mind you that it is now 2-month inventory which is still a sellers market)
Median sold price is up 13.9%
April over March
New listings are down 17.2%
Sales are down 0.8%
Inventory is up 35%
Median sold price is up 1.1%
We have had such an inventory problem for 3 years now in my market that even with the inventory heading towards doubling, we still won't be in a normal real estate market. So we still have a supply and demand problem and as such home prices are still going up.
If this already noted apologies but apparently the high end market over $800K has been affected the most in some markets. But buyers are more serious and not looking at the number of houses they viewed years ago ie the internet/prior research which has been happening anyway. So much of the pre virus criteria still applies- location along with prepping and pricing right.
Our local market seems robust surprisingly perhaps a carryover of the market pre covid.. I still see houses being constructed and lots priced high. I would say there is less houses on the markets and less buyers and prices seem to have softened a bit.
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