Agents are making more concessions than ever to obtain listings during the inventory shortage, even if it means seriously overpricing them. While this may be an acceptable strategy when inventory is tightening, it often spells doom if the market has already crested or has begun to decline.
- Listing prices in the rental market are edging lower, and landlords are cutting advertised rents.
- For-sale price increases remain strong, but sellers are still cutting prices at an accelerated rate.
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Inman Connect New York | January 29 - February 1, 2019