We are back to a "normal" market

In the last 2 weeks, I have driven by or physically inspected over 80 homes. I am working with 3 different buyers with price requirements ranging from $550,000 to $900,000.

There are a number of excellent choices for the buyers particularly in the $500,000 to $650,000 range. Some of these are homes in original condition but the areas can command close to $1,000,000 for a renovated home.

The sellers are obviously in a more challenging position. Most buyers want homes in near perfect condition. Years ago people were willing to fix up and renovate. Also, the speculators who would buy - renovate and flip - are not in the market at this time.

With over 30 years of experience, I recognize this is a more "normal" marketplace.

Buyers are demanding. Sellers are adjusting to the reality of the market place and reducing prices. Homes are selling.