Usually things slow down into May/June. Homes that listed in Feb/March/April that are still on the market by the end of June then need to seriously think about meaningful reductions. Many of those same sellers hold out until Sept or later then pack it in for next spring if they do not sell. The smarter ones slash and burn and get the homes sold.
Right now I am pretty darn surprised at some of the active/pending ratios in certain desireable areas. As a buyer I am disappointed by the activity and was hoping for poorer results.
