Quote:
Originally Posted by T-325
Still doing my (very expensive) homework as I have a few years left before retirement and am keeping an eye on house prices.
Is it just me... but from what I see lots of house listings have asking prices that are 40% higher than what the houses sold for just 1 - 2 years ago. The new house prices haven't gone up more than 5-10 %(however granite and other up-sells are no longer included)
With another thread recently saying resale house volumes are down... are some sellers getting ahead of themselves. Is anyone seeing big gaps between asking and sales prices?
Will be down at the end of the month to kick a few more tires 
T-325 (now 2-3 years out) |
Very hard to compare the used housing market year to year........unless you have hundreds in each pool, individual items within the home are make it impossible to compare...........finishes, lot size and location, etc. 40% seem high to me...........have not seen that type of increases over a two year period. You did say asking price, so there could be some exceptions out there.