Monday, March 12, 2012

House Hunting Round #3: Part 3

We've now been through 26 houses.  I remember reading somewhere that the average person sees about 40 properties before they find the right one, so I should been feeling hopeful.  At this point I'm just tired.  We've spent every weekend for the last couple of months on this project, and it has yielded not a thing.  I had been doing fairly well with the plodding process until this week.  Nothing new has come on this week in our target area in our price range.  Not one house.  I don't know if this is a blip or if something is really happening in the market.  Our agent says that houses go very quickly when they do come on, so maybe that is translating into a rise in prices as well?  Probably it's too soon to tell.  Fingers crossed that we aren't seeing our chances slip away in front of our noses.


Raymond said...

I think this is saying that there are actually two markets out there. There is a market of unrealistically-priced houses (from people who are unwilling to take a loss), which the bulk of the inventory. And then there is a market of realistically-priced houses, which is moving briskly.

Joy to the World said...

I believe you've hit the nail on the head.