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What?
Yeah, I know. I read this article from the Cap Times, Jeff Richgels and was left more confused. Here is part of the article,
Such is life in a housing market gone stagnant: After a long boom that peaked in 2005, sales of homes and condominiums in Dane County fell 10.4 percent in 2006 and another 6.3 percent last year to their lowest level since 2002, while after years of strong appreciation, sales prices edged up at a rate below inflation.
Wendorf doesn’t feel the market “tanked” until last summer and believes that if they had initially listed the home at $294,900 it would have sold.
They took the home off the market last month to have it painted and the carpets professionally cleaned and plan to put it back on the market this month as a FSBO (for sale by owner) at $273,000.
The comments at the article page are a good read also. I am starting to believe that ultimately the consumers are getting it. There are still a few buyers that think they can low ball everything, but most buyers understand a good deal when they see it. And most sellers understand that they can’t get whatever price they feel they NEED or DESERVE out of the home, but there are still some sellers that saw their neighbors make huge profits and want that easy money also.
If you have to sell and want help determining market conditions contact me Darin@EdynRealEstate.com
Filed under Dane County Madison Real Estate, FSBO, FSBO Madison, Madison Wisconsin real estate, Madison real estate, buyers, condo, info, listing, madison, market, marketing, real estate, sellers, stats
