The housing market here in Astoria has been steady for the last several months, although nothing like the hot market of years past. While definitely a "buyers market", properties that are priced correctly from the start are getting action. However, the old theory of starting a little high and testing the market for 30 days or so is dangerous. At least from my perspective, buyers initially view a property but if they determine it is over-priced it takes substantial price adjustments to get them back. Inventory is still high, so if your selling you'd better price accordingly.

On a side note, Bree Phillips and I have started a blog for those interested in market conditions in Surf Pines. Check it out here.

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