Lendingbubble has a good point. As a potential buyer I am still very frustrated by the fact that pricing has not come anywhere close to what I would consider reasonable levels. It is not just the homeowners selling that frustrates me either, the REO, short sales and foreclosures are still priced at higher points as well. Yes the market times have grown as has inventory. Yet there STILL are buyers out there and they STILL are paying prices that I will not pay. The market is still churning and I think it will continue to do so.
I guess I wouldn’t call it a Sellers market by the standards of the past few years. However it comes nowhere near the true definition of a buyers market.
