That means under $400K for a 2,000 sq ft 1 story in your neighborhood. I guess that means you think we’ll get there which would require a drop of at least 33% from where we are today. While I wouldnt rule it out, I’d say its very unlikely.
Here’s a recent real life example. In my hood there’s a 1 stroy house down the street on the market that sold for $460K in 2001. It sold for $800K in 2005 at the peak. It just went on the market for $688K and sold in under 3 weeks.
