Only a few years ago, houses in my area could be on the market for some time, and only sold when the price dropped significantly. A couple of years before that, they were selling fast.
Now, many are selling within a week of being on the market, some are selling pre-market. One in my area sold the day after it hit the market, it’s just over 12 months old, and sold for about $200K more than it would have cost to build (original cost around the 650K mark)
I just don’t understand the crazy market at the moment.
Is the property bubble ever going to pop? As 20+ years ago ‘experts’ were warning about the property bubble bursting, and it’s not happened yet, well at least not in my area.