sometimes sellers over or under estimate their home. Over asking price doesn't indicate how a market is doing. It indicates other things: are sellers under estimating their home to start bidding wars? how delusional some sellers are on the price of their home? etc. These are interesting things to know, but as a buyer, I'm more interested in putting the right offer at the right time, and there's no better indicator than $/sqft for a specific location. Of course it varies (how many bedrooms? how many bathrooms? other cool amenities?) but this could be a subfilter of this product.
patothon|3 years ago
sometimes sellers over or under estimate their home. Over asking price doesn't indicate how a market is doing. It indicates other things: are sellers under estimating their home to start bidding wars? how delusional some sellers are on the price of their home? etc. These are interesting things to know, but as a buyer, I'm more interested in putting the right offer at the right time, and there's no better indicator than $/sqft for a specific location. Of course it varies (how many bedrooms? how many bathrooms? other cool amenities?) but this could be a subfilter of this product.