What housing market? There are homeowners on my block that have had their houses on the market for over two years! Even trying to short sell they can't get a nibble.
What are the price ranges, though?
What housing market?”
We are in the Houston suburbs and houses in our area are gone within 30 days of hitting the market, some sooner. Our neighbor got a job in the oil patch in west Texas and their house sold within ten days of listing at a cost of $50,000 more than they paid ten years ago and sale was for cash. Lots of people moving here from the east and west coasts and, to them, our houses are a real bargain.
Bad thing about that though is that all the houses in our neighborhood will now be valued for more and so our taxes and insurance will go up by a bunch next year.
On my block, in a nice neighborhood, I've seen houses sitting empty for longer than that.
I suspect that the buyers got in over their heads and just walked away. What I don't get is the lack of for sale signs.
Depends on where you are. A house a block over was listed at an outrageously high price, and after less than a month on the market, has a sold sign on it. Poor landscaping, lousy curb appeal. It will take me a couple of months to find out the selling price but I was surprised how quickly it went. I can feel my taxes going up.
Egads!!! Homes usually sell at the first open house unless there is something wrong with them.
I just bought a new home and am in the process of moving. Then my little Spanish Colonial goes up for sale. I hope it doesn’t take more than a couple of weeks.
I bought my current home before it went up for sale and sold my last home in a couple of hours.