No offense to the realtors on the board whom appear to do good researcg, but less face facts, the average RE licensee out there is neither that bright nor that motivated to determine what the ‘right’ price is for a home.
The majority are simply focused on getting their “client” into a property. I can walk into 10 open houses next weekend and 8 or 9 of the agents argue with me that the market isn’t that soft, that prices are holding, that renting is throwing my money away and that at $899,999 the 3bd 2 ba cracker box needing work is a steal…