I am working with an out of town buyer in the $350,000 ballpark. He would like to settle in about 20 days. The buyer is well qualified. He is putting down 15% - and has ample reserves. When I ran the Market Absorption for Lower Merion there was over a year supply of homes so it is clearly a buyer's market. When I ran the supply demand ratios - it clearly showed that it is a buyers market. Only 1 home sold last month and 1 home had gone under contract this month.
The Listing Agents are not encouraging about the buyer making an offer that is not full price or trying to encourage their sellers to move quickly. What are you experiencing in your neighborhood?