I am about to dig into the stats and charts that Chartmaster Chuck prepares for us every quarter and his recent report through June is really a “tipping point” kind of report.
I picked up on three highlights that I’ll note in this post – look for details in the next few posts.
Highlight #1 – Current Buyer price resistance remains very high due to availability of lower-priced distressed inventory, making high-value initial listing prices essential
Highlight #2 – Unusual opportunity exists for high-value purchases – we see declining prices, distressed property availability is high and anxious sellers are getting it done
Highlight #3 – only 47.4% of all listings failed to sell, that is down a good bit
There is more significant, market intelligence coming to this blog, so stay tuned!