More than $330 billion worth of listings have been sitting on the market for 60 days or longer. Rising inventory and slow homebuying demand is pushing up the total dollar amount of home listings, and will push down home-sale prices by the end of the year.
i’m seeing a shit load of 50k / 100k price cuts and they’re still waaaaay overpriced
Oh agree, most of the $370k ones are still like 2 beds and 1500sqft. But it’s going that direction at least.
Yeah… we saw a house that was $1.4 million and had the washer/dryer in the garage but wasn’t plumbed. And there was no way to get into the garage from the house, you had to walk outside, go around the front and open the actual garage door to get in. $1.4 million and you can’t even do your own laundry. And worse… someone is buying it… sale is now pending.
Is this Cali?
you know it