There’s also a wonderful difference between asking prices and selling prices today, compared to in 2015, the summit of the market:
Peters added that “throughout the market we caution sellers not to ahead to multiple offers any more. In today’s market, the majority of deals consequence from a single offer. And we caution not to expect that it will be testy.”
Looking ahead, he anticipates “a stabilizing market. … Deal issue will increase as more sellers accept the current price actualities and new, more moderate price benchmarks will be set. And the show will go on.”
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