And there’s a pretty simple reason why. All the prior sales were listed lower and bid up under frenzy conditions. When those houses sold at those price levels there was one buyer willing to pay that and the buyer behind them could’ve been far less. So what do the new sellers do? They take the highest price and add 5 to 10% to it. With peak selling season past and frenzy conditions gone they sit. This is a pricing issue that’s fairly easy to fix
