We’ve seen 4 single family contracts reported these first two weeks of December all in the 2’s or lower. This compares with 12 in the same period last year, with prices ranging up to the high 7’s, 30 in those two weeks in 2006 and 28 in 2005 (prices $17 million on down). People are waiting for your prices to drop. Other people are waiting for your offers to rise. It’s a conundrum.
December 17, 2008 · 3:04 pm