The days on the market is higher, but you have to realize that in 2004 and 2005 we were setting records with the speed of sales. It's coming back to a more normal market where you have just a couple of people contending for a property.
More Quotes from Harvey Shapiro:
Anyone waiting on the sidelines for the price to drop will probably be disappointed. If you were in a position to purchase last year and you had decided to wait, at this point you'd say that it was an awful decision.Harvey Shapiro
I don't know what to make of it. I think it's just a burp.
Harvey Shapiro
The market is a supply and demand model and right now supply is expanding but demand is not.
Harvey Shapiro
The weather was a significant negative factor in the April housing market.
Harvey Shapiro
It looks pretty clear that sales volume will decline from record level but will still be high while prices will continue to go up.
Harvey Shapiro
It's hard to tell where the neutral point is, but it's fair to say that we are shifting from more of a seller's market to a buyer's market.
Harvey Shapiro
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