That price seems pretty extreme. We just bought a nice 2 and 2 built in 2009 for $285K. Our budget was $310K, so we were happy with our purchase. We bought it for a snowbird home, but we were prepared to keep looking if we didn't find what we liked.
It has appreciated like all homes there but not a real crazy amount. Like many have said, home prices are up everywhere and inventory is at an all time low.
We're trying to downsize from our 3000 sq ft home here in SW Indiana, but we can't even find anything to go look at around our area.
I don't see TV home market cooling off for a while. Too many boomers looking to move to warmer weather. And there's a lot of us. Factor into that as well, more people are retiring early than there used be.
I'm thinking the market will level off at some point, but who knows when.
I'm 65 and my wife is 66. We don't feel like we have the time to wait it out. Now, if we were 10 years younger we would probably be willing to see how it all shakes out. Then again, it may never go down. It's a roll of the dice.
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