“The average purchase price for the county was down $15,000 last month. You NEVER see that high of a fluctuation value anywhere else in the country unless it’s the start of a recession. What this translate to is that even a motivated seller (as long as they are informed and understand the market) is much more willing to hang on to their property for several more months because when the buyer’s market does turn (as it always has) they can sell for much more than a panicked seller.”
I’ll disagree that we are in a buyer’s market. 1% off an asset that is 40% overpriced to begin with isn’t a bargain in my book.
Given that SD is potentially the bubble-capital of the US, were there to be a recession, I wouldn’t be suprised if it starts here.
