Quote:
Originally Posted by JP10
I was just wondering if anyone else has noticed similar trends in their area?
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My DW is assisting the family of our elderly neighbors down the street with cleaning up and selling their house. It has been listed with a real estate agent that we know/recommended for 4 weeks now, shown almost every day, and so far there have been ZERO offers.
Back in May, there would have been 5 people in a bidding war within a week according to multiple real estate agents in the area!
Our region is a 1.5 - 3 hour drive out of NYC, and has been #1 in the entire nation in terms of house cost increases because of city folks fleeing COVID. As I speculated, as soon as the masks came off due to vaccination, the panic demand has waned and that party is over.....