Remember the "good old days" when a second showing usually meant that you would sell a house?

Today I got a call from an agent that wanted to show a listing of mine for 2^nd time.  The home is listed over 2 million. Needless to say, I'd be very enthused to sell it! It's an amazing home located well within the community.  We're offering 4% to the selling agent; and my seller will pay the first 6 months of a purchasers mortgage.  All in all, a home that is ready to be sold.

After confirming the appointment, I got to thinking about how the real estate market in the Birmingham/Bloomfield area has changed over the past 5 years. 

Once upon a time.... there was urgency to make a decision. 

Once upon a time.... there was limited inventory. 

Once upon a time.... interest rate were insanely low. 

Once upon a time.... we didn't have to have large incentives to sell homes.

Once upon a time.... people weren't afraid to own two homes.

Today, that's just a story we as Realtors tell.  Kind of like the "I used to walk up hill to school" story or parents told us.  Today's market is flooded with inventory.  Flooded with selling incentives.  People don't feel compelled to make a decision.  And although interest rates are still favorable, people are holding on to the past.

I hope this isn't a "once upon a time" market for long!