Of course the distressed sales get bid up to retail/market price if they are marketed properly. To me, that’s a given. The issue is whether or not that retail price is going up, down, or remaining stable.
I know you’re seeing what I’m seeing — this is the S-L-O-W-E-S-T spring selling season I’ve seen in over ten years. The official numbers might not tell that story…yet. There are more and better houses on the market today — and for better prices — than I’ve seen in many, many years. The oddest part (even to me) is that they are sitting. When you take these very low interest rates into consideration, this is a VERY telling sign, IMHO.
