Starting our year, and throughout our year, the initial listing price is high. Key to remember is that it's easier to go down in price than the reverse. Next is the light brown line. This line tells us that early in the year sellers had hopes of receiving more than the market would allow. The second half of the year the seller line lowers slightly and we can notice the selling price and that last price reduction become a little more in sync.
The black line is what the buyers are saying. That our market is lower than expected, and the appraisal (perhaps) of these properties-- if lending is required-- was not in sync, but would become closer over time.
As we look to the New Year we can be certain of only one figure. That real estate (in Orange Park) is ever changing these days. And, as such buyers and seller need a Realtor more than ever.
Happy New Year! And God bless---
