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by joe-collins 1307 days ago
> It may sit for a month or 6 waiting for a buyer.

Gotta love that oh-so-efficient market.

3 comments

The wait just means there is low liquidity i.e. the spread is wide. They could sell it this minute if they offered it for 100$ but they are in "no rush" so they are willing to wait. Opendoor is trying to solve this by pretty much being a market maker for homes. This comment is independent of "should the housing market be more liquid" just a general "markets" comment
People who price high usually will have to wait longer for a buyer. In a hot market, the times will be less, in a cold market, more.
Like Democracy the alternatives are worse.