Join Date: Jun 2005
Location: Barnegat Bay, NJ
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Re: The Search Widens Before it Narrows
He and several others have told me that the market is still very much a buyers market, and that though it is taking time, most sellers are coming down by more than 50% of their original pricing.
Mark, I know there are regional differences but the market must be much slower in Texas than here. Two local brokers I talk with occasionally tell me they've been very busy on used boats for a while now, while new boat sales are still sluggish.
The bump in interest rates may knock some people off the fence and into the brokers office as well. It's definitely had an effect on home prices and demand.
95 Catalina 30 Island Time
“The sail, the play of its pulse so like our own lives: so thin and yet so full of life, so noiseless when it labors hardest, so noisy and impatient when least effective." - Henry David Thoreau