Some sellers are getting extremely desperate in the U.S. housing market. We’re seeing homes sit on the market for nearly a year, followed by 25% to 30% price cuts. Take this house behind me here in Memphis, Tennessee. It was originally listed at $475,000, now it’s down to $340,000. That’s roughly $110 per square foot for a 3,000-square-foot, five-bedroom, four-bath, historic home. On price alone, this actually looks like a very strong deal. But here’s the issue, inventory in Memphis is high. Eve
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TAKE ADVANTAGE OF DESPERATE SELLERS! Phewww...that headline seems a bit aggressive 😧 But let me tell you what I mean: I know the market’s felt a little unpredictable lately, but here’s the silver lining: we’re seeing many homes sit on the market MUCH longer, with sellers becoming MUCH more desperate by offering a lower price, repairs, and concessions 💸 -Average days on market: 47 📈 -Over 3.5 months of inventory actively listed around the Triangle 🏘️ -Houses are almost ALWAYS selling below as
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