Currently, based on Altos Research, inventory is up 10% YOY and this has put pressure on median list prices which are down 5% YOY.

This will be based on the personal details of your business.

"@ Frank ChinIn this specific instance, it is undeniable that a house was built on that property more than 15 years ago simply based on Google Earth data, but you can see by the county assessor records that the house on the subject property was built in 1950 and then the property encroaching was built over the property line shortly thereafter, in 1951.@ Matt Devincenzo,From the info in your post, the land does not seem to have officially been taken by AP.

@Federico DalloI'm an investor based in Canada, which is a market quite similar to that of the US.

What is advantageous is someone that is good at underwriting and unbiased (only analyzes the deal based on the underwriting without other emotions).Note i have a fair amount of experience and plan to place a competitive offer tomorrow that the underwriting dictates not placing a competitive offer.  

It is a sure thing that you will have success simply based on your introspection!

Although 2024 was generally considered a seller's market, based on what's going on in the new and the real estate market --- Do you think 2025 will be a buyer's market or continue to be a seller's market?

Based on the facts as you outlined, no

We are based in North Haven.

Lots are just drawn to the low purchase prices, and buy based solely on price.