I agree with you… I think your analysis is objective.
The bounce that we have have seen has indeed been robust in comparison to the past several months of activity. Taken in context to yoy numbers it is heartening to see. I also think that there is a psychological different though right? I know last year I sold a listing in Summerset and the year before that a listing on Goleta. Both those homes took awhile to sell. This year as you well know AN the majority of the MM sales that we have seen have been like a feeding frenzy due to aggressive pricing. This of course explains the 18% drop.
So yeah what we need is alot more of these to exhaust the supply of these buyers out there AND/OR resellers who are non distressed to start pricing more aggressively.
