It wasnt gathering steam it exploded. The homes I sold were listngs NOT buyer sales. I priced them, put them in the MLS and negotiated with what was presented to me. The truth is I represented very few buyers since mid 2004 because I didnt like what was going on and knew trouble when I saw it. The buyers I represented all bought about 50K below the comps or are still waiting to buy until after this Summer.
These are just a few areas, i’m sure I could many others around the county. If there was any appreciation after the end of 2004 it was minimal at best. Check the trend lines….
