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But decreased supply from buyers waiting to list should increase prices, not decrease them.
by dougmwne 7y ago
But decreased supply from buyers waiting to list should increase prices, not decrease them.
- refurb 7y agoIndeed. However, I wonder how median price is impacted by a shifting mix of the houses that change hands? If buyers were moving towards the lower end of the market and away from the upper end, you could see the median price decrease when in fact any given house has actually gone up in price.
- nostrademons 7y agoNow, at least. If the buyers don't materialize and they give up on waiting, it increases supply and decreases prices.