My agent says to sit tight until Oct/Nov when the spring buyers are gone. Then hopefully inventory will swell and with less buyers — prices could drop.
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I have to agree with this. Regardless of whether the market has bottomed or not, there is always less of a frenzy in the Sept-Dec quarter. Prices may or may not be down, there may or may not be more inventory. But during that part of the year there are ALWAYS fewer buyers.
