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Ronw1993 t1_iv0qlii wrote

Inventory is super low right now, and pricing is kind of wonky: I have a friend who is a realtor in the area and he describes it as follows. 50% houses are over-priced in an effort to cash in and are staying on the market, 25% are fairly priced and go quickly for asking or above, and 25% are homeowners not really interested in selling but testing the waters so price is variable. As a result, buyers are all over the map - I toured two houses at the same price point: one had significant signs of basic concern - foundation, code violations, water damage, and the other had none. Both were in equivalent neighborhoods but the first was under contract for a little under asking within 1 month while the second sat for 6 months and underwent two Price reductions. I’ve bought twice in CT in Hartford county and the current market is just…really weird.

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