I would agree with sdr in that the listing prices are only the first shoe that falls.
Need to see what the property actually sells for. That’s the second shoe that needs to drop.
(Did I get that right sdr?)
But Kev, thanks much for providing these examples. What web site are you using to view them? Is it available to non-RE folks and without subscription? It helps to see real world examples of a declining market. I need to show them to my wife to get her to believe me.
Indeed, the lower asking prices show a market that’s declining. Its just a very slow decline so far and its zipcode/neighborhood specific. The hot locations are holding up pretty well from what the realtors on the site are indicating.
