We’re in record territory, price-wise, so it’s no surprise that buyers are being hesitant. Sellers who have been unsuccessful will shrug off the second half of 2018 as a ‘bad’ market, and try again next spring with the same enthusiasm.
Will buyers shrug it off too? Yes, if they find the perfect match – that is the Rancho effect, where sellers and buyers just wait for miracles.
We’ve seen how consumers just want to push a button to buy or sell now, which should make buyers more conservative – they are operating with skimpy evidence and are reluctant to seek help, so expect more wait-and-see.
In other words, it’s probably not going to get any better than this, and we can expect more sluggishness during the next selling season too.
Very surprised Jim, you are condoning Daytrip from posting this racist garbage. I expected more from you. Very disappointed
I didn’t read it that close – I was on my phone and moving.
I deleted it.