Quote from @Gregory Wilson:
The market is all messed up. The hype continues while the marketplace has cooled. Hence, the spectators think prices are going up when the flippers know they are going down.
Information disconnect.
With Cincinnati being the 15th highest foreclosure city in the US, perhaps the court system is the place to look. By the time a seller gets to a foreclosure sale he has had his realty check.
100% agree. Closed on and began a flip 3 months ago. Great neighborhood, great school district, big house, rehab done very nicely (may be biased) working with a very reputable well known agent and it’s been sitting on market now for 40 days even with a price drop. It’s priced what would seem like very fair relative to comps in that same neighborhood. Rate fluctuation, election, and general cooling of the Ohio market I think all collectively leading to this. Data said one thing, reality another
