We’re busy down here in Old Greenwich, but busy with distressed properties and ain’t that a joy, when banks don’t even know what they own or who in particular might be overseeing a bad loan.
[What used to be] “Normal” sales – where there is still equity in the place – continue to be hindered by some simply inane agents – one day, when I leave this business, I’ll post some examples, but if sellers knew how badly they are being represented by uneducated, silly amateurs, they might re-think the idea of paying 5% commissions. God forbid.
For now, I’d recommend you ignore the hype of local agents about a “recovering market” and pay attention to what isn’t selling. If you’re over two you’re screwed, and I don’t see that changing anytime soon.