Last week I sent this Eastern Market listing over to clients because it looked like a lot of space for $449,000. They went to the open house on Sunday, came back Monday night with me, and decided to write an offer. Unfortunately, so did 28 other home shoppers! The property was in an estate and I assume the estate told the agent to sell it quickly and therefore he priced it under the market value. Well priced houses are getting multiple offers and selling for over the asking price all over the city, it's a clear statement of how much pent-up demand there is and people who are actively looking for real estate. Sadly, the estate decided on another offer (I don't know what the final contract price was yet) and my clients and I will be continuing the search for their perfect home. Bad news for us, but great news for the market!
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