CT_LFC
Well-Known Member
- Thread starter
- #1
Everyone's local housing market as ridiculous as mine? I'm in CT and been looking for a house the past 6+ months but not just is inventory low, they are overpriced and a lot get snatched up in a matter of hours with multiple offers well above asking price. A realtor posted in the town's facebook page that buyers are also waving inspection and other contingencies. Unbelievable stuff.
A friend of ours had bought their house in Q4 of 2017 for $465K and a couple months ago listed it for $699K and sold it in a couple days at $750K with multiple offers at that price.
Went to an open house a few weeks ago and got there 10 minutes after it started and there were already 10-15 cars there. Went on deposit at the end of the weekend.
Unfortunately it does not look like we'll be able to buy a new house any time soon, particularly as the government keeps kicking the can down the road with forbearance extensions.
A friend of ours had bought their house in Q4 of 2017 for $465K and a couple months ago listed it for $699K and sold it in a couple days at $750K with multiple offers at that price.
Went to an open house a few weeks ago and got there 10 minutes after it started and there were already 10-15 cars there. Went on deposit at the end of the weekend.
Unfortunately it does not look like we'll be able to buy a new house any time soon, particularly as the government keeps kicking the can down the road with forbearance extensions.
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