It is interesting to see how the sellers of newer listings, meaning those on the market less than 30 days, haven't quite caught on to the fact that it's not a seller's market anymore. I have presented several offers to "newbie" sellers and the counters came back at full price. These are not multiple counter situations. However, sellers who have been waiting for an offer or who passed up earlier offers and have now been on the market 60 days or longer are eagar to negotiate and are working for win-win outcomes.

ATTENTION SELLERS! This is not a seller's market anymore. Inventories are at an all time high and sales are at an all time low. These are real statistics; Realtors are not making this up to get you to price your homes to sell or steal money from your "equity."

The reality of Econ 101 is as true today as it was in a hot market...something is only worth what someone else is willing to pay for it. If you only have one offer, you only have one buyer willing to pay for it.