[quote=AN]
I agree with price hasn’t really gone up over the last 3 years. There are some up and down, but I think in general, when you compare apple to apple, they’re basically flat. Were you actively looking for condos back in 2010? Right now, there are only 7 condos that are active (or at least not status not changed to contingent yet) and most of them are way over priced. Supply can’t possibly be much worse than it is now.[/quote]
I wasn’t actively looking. I was more curious as to how the tax credit was effecting the market back then. I figured MM was a prime candidate for measuring the tax credit. What I remembered was probably less than 2 months inventory and I was just using sdlookup’s numbers so if you excluded contingent and other things it might have been <1 month inventory. Inventory is constricted right now but back then I think it was worse. Just look at the numbers, people actually went ahead and overpaid for what was left then. Right now it seem buyers are more willing to pass on the overpriced listing and wait for a better one.
