2,609 open houses

Does anyone get the feeling that in the today's real estate environment open houses just are not working?

modern, I don't know how the current number tracks with the recent past but it seems high. If memory serves me correctly, it wasn't so long ago that the total for sale inventory was in the ball park of this figure.

I guess I can call Agenrachel a loser and have her miss this today :)

I went to two open houses...one i really liked alcove studio for $479...I said I would be interested with a 30% drop...he said the seller won't negotiate but he did say if it sits on the market for three plus months their will be a drop.

I think most brokers typically do at least two open houses each Sunday.

There still is not a huge inventory out there. Guess a lot of people that don't need to sell are not. Some of the dog apartments have been reduced in price a lot, but not a whole lot of great apartments at great prices. Maybe in 6 months?

It is a bit early for the "spring" inventory increase. I guess this is the "pre-spring" inventory increase. Alot of people in the finance world are still receiving severance pay.

Oldbuyers, I thought you felt nothing but disdain for those who opined on anonymous sites like this? Nothing else to do?

aboutready, aren't you the one that lives upstate in the catskills? why are you on here anyway? i live in NYC...you don't.

oldbuyer, now pathetic. wasting your time arguing on an anonymous board about where someone else lives. this impacts your life how? so sad.

actually, I live in NYC and have for over 20 years. I also have a second home upstate, and not in the Catskills. Wrong.

I think this is the post-holiday bump in inventory that was predicted in several prior threads. I'm just happy to have new floorplans to ogle. Can't wait for the spring bump. Maybe sellers will actually get serious about price cuts by then. In the interim, I am saving heavily and looking forward to the declining rental market. So far, deflation is looking pretty good to me.

oldbuyers - I agree with you, there's virtually no inventory.

Wait, I take that back - inventory is about 70% higher than it was a year ago.

Sorry, don't know what I was thinking at first.

evnyc, I agree. It's just that usually there isn't a big post-holiday bump. Usually inventory is quite low from around before Thanksgiving all the way until the beginning of March or so.