this post was submitted on 14 Aug 2023
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FIRE (Financial Independence Retire Early)
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That's a bummer. Prices do seem like they are dropping a bit (at least in my area). Hopefully you can find a good deal sooner, rather than later.
I'm not even sure how to estimate it properly. Redfin and Zillow have a wide range, like 20% off from each other. And Realtor puts it at like 5-10% above Zillow.
My read is that house prices have gone up a little in the last year since the average is a bit higher (like 5%, give or take) than around this point last year. I have been seeing houses stay on the market longer (cousin recently sold and it took ~2 months), but there's still not a ton of inventory. So I think prices have stabilized, but not gone down much, at least in my area.