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Are home prices artificially inflated right now?
It feels like homes are overpriced in today’s market. Are buyers overpaying, or is this just the new normal?
Asked By Michelle N | Evans, CO | 8 views | Buying | Updated 2 days ago
Answers (2)
Josephine & Raj Sharma
Legacy Homes Realty
Home prices aren’t artificially inflated so much as driven by real supply and demand, meaning while some buyers may stretch in competitive situations, today’s prices largely reflect a new normal shaped by limited inventory and steady demand rather than a temporary bubble.
- 1 day ago
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Ryan Reed
Century 21 Homestar
It may not feel great, but home prices are set by the market - actual buyers - not artificially. If homes are going under contract, that's the market clearing at a level buyers are still willing (and able) to pay. That's not artificial. Are some homes overpriced? Yes. As a result, you will see price reductions, longer marketing time, and seller willingness to negotiate. There is some element of "testing" more so that in previous years. And that is where an experienced agent can help buyers navigate the market without blindly overpaying.
- 2 days ago
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