Part 3/10:
Interestingly, despite the sluggish market, sellers are still hesitant to reduce prices. The data reveals that, on a national scale, the median asking price for homes has continued to climb by 5.2% year-over-year, despite record-low demand. This seller stubbornness presents a perplexing contradiction in the market; while indicators suggest a downturn, many sellers cling to the hope that prices will continue to rise, demonstrating an unwillingness to accept market realities.