Micro report comment written for Sotheby’s re: Evergreen 2012 forcast
2012 is posturing to again show signs of recovery over last year as 2011 did over 2010 and yes some conflicting signs of market place stress still exist. List price averages have dipped while sales volume and seller caution have created reduced inventory. The confluences of these trends afford sellers a promising outlook by improving the supply and demand equilibrium. The stability of the Evergreen market has thwarted the juggernaut of the impending REO shadow market that will encumber other markets for years to come. Discount opportunity certainly still exists for the savvy buyer and agent, they are just a bit tougher to find.
There ya go……….Lets see if Seans Crystal ball works….
