I think it is only a matter of time before someone sells one well under the prevailing prices and resets the comps. That happened when I sold a town home a long time ago where there had not been any on the market for over a year. When mine sold for a good price, within a month there must have been about six on the market at a higher price. That was in the late 80’s when the market was starting back up. Everything is timing and with a new administration, I expect interest rates to stay low for at least the time being.
