MLS President Kimberly Clifton notes "The median sales price is now $178,000, 11% lower than last year but remarkably close to the '05 median sales price of $186,500. It appears that realistic pricing is a strategy that's taking hold." I have seen this first-hand in my recent dealings. We are starting to see multiple offers, as well as full-price and above-full-price offers on properties. Sellers (both homeowners and lenders) have fully realized the importance of pricing correctly, while buyers seem to understand the prices out there are realistic.
We shall see what happens this March. Talk soon!
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