Reply to two million is the new starter home price for close in neighborhoods

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[quote=Anonymous]
The spring market came and went it seems, and no, I don’t see things picking up in April. A few weeks ago, someone posted feeling disheartening after saving for 7 years to get a sfh and still can’t find a home in their 1.5M price point in the target neighborhood that she previously thought in 2019 she could afford. I thought she was being over dramatic. But, in all honesty, I’ve been paying close attention to several close in zip codes and I’m not seeing much inventory other than condos under two million, not even at 2M. Yes, there have been a few homes in the 1M-1.5M mark but they’re few and far between. All I see are new-build starting at the 2.5M. I’ve seen people commenting buying first homes at 1.8M. If I was on the market right I would depressed too.

I have a TH in a sought after neighborhood that online estimators are now saying is in the 2M range. I called one of those high earning realtors 3 years ago when I was thinking of selling and moving out of the area, after researching my address, surprisingly, she said to me, “ you better be sure you’re never coming back this way because you might not be able to afford to afterwards.” I’m thankful she wasn’t one of those greedy realtors. [/quote]

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