When I went outside to get something out of my car this morning, I casually scanned my neighborhood as I usually do and what did I see? Another house just went on the market. I don't understand why people who don't really need to sell are trying to sell a home in this cluttered, slow-moving market. In addition to that, my subdivision is still pretty new (less than 2.5 years old) and they are still building homes. The new homes they are building are priced a little bit higher than what the original owners paid but they are offering over $15,000 in incentives. Why buy a used house when you can get a new house for less? I've seen some homes sitting on the market for over a year.
Of all the listings in my subdivision, this one interests me the most. The house is on my street, has the exact same floorplan and is the only one like it for sale. The owner is asking $205,000 which is great for me. I paid $189,140 for my house about 2 years ago and I think it is worth about $196,000 with the upgrades I've added. If he manages to sell for $205,000, $200,000 or even $198,000 I'll be doing cartwheels up and down the street (not really). I'll then have an actual comparable home to really find out what my home is worth.
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