P.S. The smaller homes (about 2000-2500 sq ft) were not moving. We asked why and the response was:
“People who bought up the bigger homes have a lot of equity that they are bringing to the table and they want a bigger house and are buying them up. The smaller homes are priced in the high 700’s to mid 800’s but most who are looking at those places are entry buyers who have much less money via downpayment.”
I suspect those sitting on a ton of equity will keep some of these places afloat for a long time to come.
