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In response to
"here, we are seeing everything above about $220k languish on the market for ages and price drops which we never see. we're so not in the real world. -- nm"
by
amanda jones
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I only have anecdotal evidence for my old Chicago building (that my brother still lives in)
Posted by
ty97
Oct 29 '13, 06:24
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For much of the time we were there, between 6 and 8 units (out of 78) were on the market, a number of them short sales and a (every now and then) a foreclosure. And a number of units languished.
Last year it picked up a bit. This year: everything is clearing, and fast. There's one short sale under contract, and one brand new listing. And prices are firming/rising.
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