I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?
To put it another way,
“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.
or
[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]
