Realtors say: Sellers lower prices, but buyers don’t bite

Revenue was expected to be $635,000 for the year, which is $52,917 each month. Realtors The town collected $92,605 in June and $75,968 in July, but missed the mark in August with $40,733. Oddly enough that's not the stuff that's moving," Ms. Frey looks at the number of homes on the market as an indicator of the market's strength. There are about 270 single-family houses listed, compared to around 230 a few months ago. However, houses that have a deposit but are listed as "continue to show" can skew those numbers. It took a little while, but people are realizing what the market realities are and tend to be pricing a bit closer to the market. Everybody realizes that their home is worth less than it was at the height a few years ago. Other people are saying, you know what, I don't need this added stress right now. Kabasakalian is one of a number of local Realtors who have became a certified distressed property expert (CDPE). Her brokerage has put an emphasis on helping people in the need-to-sell category — and buyers looking for a deal — by navigating what can be a tricky system for the novice. I downsized my house, I knew I had to, and I did it before it was a problem," she said. Shapiro said most of her clients interested in the buy-side of short sale are investors. People looking to move are less likely to want to deal with short sales, she said. Shapiro said she recently had a buyer and seller agree on a $785,000 price, but the bank appraised the property at $760,000. In that case, the buyer came up $12,500 to meet the seller half-way, but the slightly lower final sale price will then affect future appraisal values, which are derived more clinically than negotiating a sale price or setting an asking price. Realtors report being out of commission for two weeks and some properties had to be cleaned up before they could be shown again. Frey continues to see in-town moves an indication of the town's value.