I recently inherited a (small, old, kind of crummy) property in a fishing town on the coast. We decided to let the realtor do as she liked, and she listed it for an eye-popping quarter million dollars (which people say is cheap for a house when I boggle about it to them!). It hasn’t sold so far (it’s been about a year), so I’ve been encouraging her to bring the price down. She says that prices are dropping back to what they were pre-COVID, but that places are sitting on the market for a lot longer because owners don’t want to accept reality, and most of them are investors or vacationers, not motivated owner-occupiers, so they can afford to hold out.
(no subject)
Date: 2024-05-19 06:04 pm (UTC)