Meflakcannon

Meflakcannon t1_j7pvfo7 wrote

I keep looking at Framingham. I've noticed those dumps. 1379 Concord St just had a 25k drop. Now it's valued at 425. down from 500 in November. I'm guessing it will sell on or around 375. The appetite for housing seems to fall off once you hit $350/sqft or higher in this area.

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Meflakcannon t1_j7lvarl wrote

Well with the interest rate hikes they may be listed at 1.2M but may not be selling, or selling fast, if at all. Look at the days listed. A Large number of homes near me are listed about 200k higher than the estimated value. All of them are sitting there 30+ days. The 1.2M house you mentioned has been listed for sale since December and only dropped the price 4k. Even properties at 500-700k are sitting for greater than 30 days.

Inspections are back on the menu!

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