I think it’s going to get harder for casual observers to navigate this market. Not only have there not been many comps, but the list feels like it is dwindling. It causes buyers to want to hedge but it also gives sellers permission to reach for the stars.
Those who actually do move have to really want it.
Like Rob Dawg said the other day:
I suspect the pool of “needing to sell” is depleted and the pool of “reallly wanting to buy” is shallow. As much as I hate the term, plateau seems to be the way forward. That said, I expect a modest decline in headline prices; median and average but not because of weakness but because of sharper analysis of the products available.
