The market is just exhausting right now
I listed my 3br near Cotswold, Charlotte for $415k, but the local competition is just brutal lately. I thought being under the median of $410k would help, but houses on my block are sitting for 40+ days, which is a massive change from the craziness we saw a year or two ago. It seems like buyers are finally getting picky again, and with mortgage rates still hovering around 6.1%, everyone is hesitating.
I've been looking at some local North Carolina experts who actually track these specific neighborhood numbers to see if my pricing is just off or if it's just the May slowdown hitting early.
I really don't want to chase the market down with price cuts every two weeks, but I also can't afford to let it sit through the summer while the house just sits there costing me money.