July 14, 2024

Real Estate: Softer market means adjusting selling price

BY ANNE STRAUB
FOR FLORIDA TODAY
Selling a home in a buyer’s market takes flexibility and patience, and Arlette Wallace is demonstrating both.Wallace put her West Melbourne home on the market at $407,000, then lowered the price to $394,000, then dropped it again, to $382,900.

“You have to do what you have to do,” said Wallace, who plans to leave Florida and move near her family.

She compares today’s real estate market to the stock market of the 1990s when frenetic activity pushed prices to unrealistic levels, and the bubble burst.

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