I just looked up a house I want to show to a client (which is why I’m not identifying it here – I think it’s a bargain and if my client agrees, then I’ll sell it, which is far better than writing about it). The price has been reduced, again, but when I checked our MLS records for its history it shows only one price reduction and shows it as having been on the market for less than a month.
That’s what the records show – my memory told me otherwise so I searched again, this time for deleted listings and low and behold, there it was a year ago at a price a full 1/3 higher than its current price.
In a way, I’m glad the Board of Realtors is playing this game because it gives me an advantage: my memory bank retains information that will be useful in negotiating a deal, should things advance that far – an owner who has been sitting on an unsold property for a year is usually in an entirely different frame of mind from one who’s only been trying for a month. But another part of my mind objects: this market is supposed to be a level playing field, or it claims to be, with information freely accessible to all. It isn’t, and I intend to take advantage of that, but still ….