I remain curious to see how our market is continiung to change in these changing and challenging economic times.
I am seeing a ton of distress assignment market sales but Im very curious to see how distress the resale market is currently is. It doesn’t seem so distressed right now, units are selling within 10% of ask price and some units are still selling slightly higher than their list price.
It seems like the real deal in the resale market is the fact that you are not competing with multiple offers and that prices have dropped nearly 100k since the peak of the market.
Check out the video above to see whats really been happening with the resale market!