Withdrawn listings: Contra Costa/Alameda
The number of listings withdrawn from the market continued to move higher. 5,080 units of listings were taken off the market in the month of August. This is the highest level I've seen since I've started tracking this statistics. The interesting question is what do these sellers do after they withdrew from the market.
posted by Dr. Jeff Lazarus MD at 10:31 AM
1 Comments:
We've been wondering that about the people next door. The separated and moved out, so they have every reason to sell. The consequences of hanging on may be tragic.
From our own point of view, we may move in a year or so, but we reckon that the main impact of a sharp price drop on us would be (a) lower commissions if we sell here and buy somewhere else, and (b) lower capital gains taxes if after selling here we decide to sit out a multi-year price decline, as we did so successfully between 1991 and 1995.
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