Looking for a Main Line home (LM schools) with a budget of about $1 - 1- 1.3mm, but seeing grossly overpriced homes at that price range. The market,
according to all data has been deeply hurt, but owners are still asking outrageous prices. According to a few articles/research that I have done prices should be inline with those of 2002, but sellers are asking prices inline with 2005 height of the market. Can someone point me towards a home that is priced well and direct me towards a barometer to measure some of these homes which have been sitting for over 180 days w/o price adjustments. It feels like while it should be a good time to buy, there are no homes worth buying at our price point.
I feel you on that one. Thats why as a first time buyer I am having to go with a Condo because I just cannot afford the outrageous prices on the townhouses and single family homes.
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