While I question the formula used I can indeed confirm that price changes have not occured in 2020 or 2021. Homes sold immediately and for well over list price in my area. I.e. home were not on the market long enough for the seller to change the price.
Price changes are normal in an average market but these numbers are all new to anyone who has been watching the market for only the last 3 years.
AaronsLennon t1_ir7q69p wrote
Reply to comment by bradland in USA MLS Home Listings with Price Reduction, as a Percent of Active Listings, by County, September, 2022 [OC] by michigician
While I question the formula used I can indeed confirm that price changes have not occured in 2020 or 2021. Homes sold immediately and for well over list price in my area. I.e. home were not on the market long enough for the seller to change the price.
Price changes are normal in an average market but these numbers are all new to anyone who has been watching the market for only the last 3 years.