Quote:
Originally Posted by Indydealmaker
Chronic contrarianism is unhealthy particularly if one also suffers from "Developer Syndrome ".
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I do not have developer syndrome. It seems I am one of few who understands what he earns on the sale of his home has NOTHING in common with a homeowner wishing to sell his. TWO DIFFERENT sales transactions neither associated with the other. One can make a profit while the other has a loss. Not a difficult concept to understand.
Currently, many preowned homes are sitting on the market for months even with major price reductions. If you looked at MLS and home histories you would CLEARLY see this. If RECORDED TAX AND PRICE HISTORY is contrary to what posters are stating or the Developers averaged quarterly, sorry, I will believe the recorded history.
Average price on the sale of homes and days on market does not tell the true story. Some can sell their home for one million in 6 months while others can sell their homes for $250,000 in a few days. Averaging together is pointless. Simple third grade math.