Quote Originally Posted by Pete View Post
There are definitely more homes on the market than at any time in recent memory.

It seems many sellers are listing at prices beyond the market (especially in the mid- to low-price range) and then having to spend a lot of days on the market before taking a lower offer.
Yes - we've had 4 home sales in my neighbeorhood this year -the ones which were priced in the $135-140 sq/ft (roughly $435-450k) had contracts in less than a week, those asking $150 and more went through several price reduction iterations before selling around $140-ish.