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Reply to "Are sellers cutting prices in your area?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nope! We've been having bidding wars still and prices going 40k over for 60 year old houses that need work. [/quote] That just means that the house was priced attractively, not that prices have come down..[/quote] OP didn't ask if prices have come down. They asked if sellers were cutting prices. So PP said that was not the case in their neighborhood. Obviously it could mean it was just priced attractively, but we dont' have all the data we would need to make that assessment. [/quote] That doesn't make any sense. If sellers were cutting prices in a meaningful way, prices would come down, and you would see it in overall real estate trends data. Unless you just want to know whether a random sub-sample of anonymous DCUM posters are seeing random anonymous sellers that they know cut prices. Why you would care about that, I have no idea.[/quote]
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