Yes I completely agree that in the 500-700k range in areas like NCC and I15 corridor prices are moving very slowly. By the same token there is still enough buying activity to keep the prices from falling faster. This is very confounding to buyers looking for the steep drops that are greatly anticipated. If you have patience, it “should happen” but you need continued stress and catalyst activity to get that push. This can take form in job loss/employment, overall dour economy and a HANDS OFF approach by our government to let lenders foreclose on properties.
Unfortunately this does nto seem to be the preferred method our government wants to take so we have this battle of opposing forces.
As a realtor it can be very challenging to deal with sellers who believe that there is “someone out there” who will buy the home at the desired price. Some sellers get it and some don’t. You can be as forceful as you want with a seller but if the seller doesn’t want to price aggressively then you have a choice of dropping the listing or don’t drop it. I can tell you that for every possible sellers there are still ALOT of agents pumping them up with unrealistic expectations that they are super agents and can sell the home for what that seller wants. Not as many as there used to be but plenty still.
