[quote=AN][quote=sdrealtor]Its the same pretty much everywhere. Buyers are firm on what they will pay, non-distressed sellers pushing prices, appraisals are tough, short sales are prevalent and priced at or below comps to keep buyers interested during the wait, good non distressed properties that are priced well generate multiple offers. Its a real tight market with some forces pushing up, some down and things balancing in the middle. The hardest part is finding something you want that you can get because there are lots of buyers all looking for and flocking to the same things.[/quote]
If supply stay this tight for another year, what do you think would happen to the price? Would buyers and strong sellers continue to have a stand off and all sales happen on the margin w/ week sellers? If strong seller are pushing prices (and not getting it), wouldn’t that mean price on aggregate will continue to fall?
That is laughable. The sellers might be in the driver’s seat due to low supply, but it’s not really a seller’s market. So what if you bid $10K above the asking price when the asking price is depressed in the first place? I wouldn’t call it a seller’s market when homes are sold at lower low and lower high.
