Hyde Park real estate has a little bit of an inventory problem. There are a lot of high end homes for sale, and people just aren't buying expensive homes right now. Hyde Park city currently has 49 active MLS real estate listings. 33 of these listings are priced above $250,000. In the last six months there have only been 9 houses sold in Hyde Park more expensive than $250,000. The active listings>$250,000 have already been on the market for an average of 168 days. The majority of these homes are new construction spec homes that have never been lived in.
If you're in the market for a nice home in Hyde Park you definitely have some negotiating room. Most of the builders/sellers are to the point where they just want to sell. They have realized that they are not going to be making the huge profits they wanted.