I'm interested to see what the numbers are going to look like for May. I know in the Denver market, we went from one week's worth of inventory in March, to three weeks worth in April. Days in the MLS remained unchanged at four days though. I have come across more price reductions than usual the past two weeks, and new listings aren't getting quite the same amount of traction as they were.House right up the street from me and same square footage as mine just sold for $100k more than I bought mine for last year. This is a community that just finished building last year. I can't believe people are still paying these crazy prices with interest rates having gone back up. There's tons of homes being built by me too, but clearly not fast enough. Crazy.
Most listings near me are putting that escalation clauses are not being considered. Just submit your highest and best.Realtor says my offer is more likely to get accepted without the escalation clause (obviously) but it seems like the only fair way to keep from bidding against yourself. So I dunno what to do.
If you're comfortable at your max escalated price (clearly cause you're willing to go to that amount) , just come hard out the gateRealtor says my offer is more likely to get accepted without the escalation clause (obviously) but it seems like the only fair way to keep from bidding against yourself. So I dunno what to do.