About 2 months ago I did a video where I showed how about 80% of all homes sold were selling above the original asking price. This obviously means that there were a lot of people fighting over properties.
The numbers:
80% sold ABOVE original List Price
5% sold AT the original List Price
15% sold below original list price.
Well, the numbers have flipped faster than I’ve ever seen in the 25+ years I’ve been working in residential real estate.
In this video, I go over the numbers and some other very important factors to try to conclude whether or not the real estate market will crash.
The good news is that despite all the reasons outlined in the video there’s still significant demand for your house. The pendulum is definitely swinging faster and faster downward as it reaches for the bottom.
No one knows exactly when the bottom will be reached but it’s coming soon.
If you’ve been thinking of selling the family home, make sure you get the absolute maximum value for it.
Anthony Nitz
714-900-2710 Call/Text
