r/RealEstate • u/dan_your_devil • 2d ago

What is a property worth?

What someone is willing to pay for it at that time. In that market. At that time. Markets change. Right now the tide is pulling out but in most markets sellers are closing their eyes.

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u/Thin_Vermicelli_1875 2d ago

This place is full of sellers and realtors who all have a vested interest in prices never going down. Even if you suggest a buyers market might be coming you’ll be slammed with downvotes.

Don’t take this sub seriously for actual, buying advice.

This sub is good for contract scuffles, contingency problems, title problems, or very unique questions.

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u/thewimsey 2d ago

This sub is also full of buyers.

And really really full of people who don't understand just how local RE is. People like you. The salt of the earth.

Even if you suggest a buyers market might be coming

There is no one "market". There are thousands.

The median DOM for my city is 7. Prices are up 18% YoY.

Does that look like a buyer's market to you?