Here is last Thursday’s appearance on Reuters with reporter Bobbi Rebell. I gave her a lot of material and they edited it down for the broadcast (I am a man of way, way too many words unfortunately). She focused on the important stuff, that idea that properties are selling but only if they are priced accurately.
The market is behaving like an on/off switch. A property is priced to sell or it’s not.
- Priced at market (listed within 3% of market value) = sell.
- Priced at what seller hopes for (listed >3% of market value) = fodder for listing catalogues.