Tim Hicks (Texas)
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Texas
Is anybody else experiencing this problem. I have done several appraisals lately where none of my sales are within six months. I did two this month where I had to use sales over a year old. They were unique properties (read high priced) that sold with no recent comps available. I have never had to do this in 11 years. We have a great MLS system, but the sales are drying up. Plus, we had a whopping 2% increase in the DFW area last year. However, that 2% is inflated by the low range housing increase. Mid to upper level home sales have stagnated or dropped in many areas. How are things in your area?
I do very few cookie cutters. Darn it! Everything seems to be oddball anymore.
I do very few cookie cutters. Darn it! Everything seems to be oddball anymore.