AlfonsoGomezBroker.com - Price reductions are slowly starting to become the norm in this market. In a lot of local markets homes are staying on the market longer and the volume of buyers has slowed.
We have about one and a half to two more solid months of the busiest selling season and this is not a great sign that homes are staying on the market longer.
The fact that homes are taking a bit longer doesn't mean the sky is falling, it actually means the markets are getting 'normal'... Homes should take approximately 45 days to sell.
At the end of the day, there is no perfect system to predict what's going to happen. The market is healthy and it is still a great time to jump in.
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