As someone who is waiting for the prices to drop down a bit before entering the marketing in Irvine, I’ve noticed a number of listings in the MLS that have dropped their asking price by over 10% after having their homes on the market for over 3 months. I hope more people realize that they won’t be getting 750k for a 1500 sq ft home anymore.

I don’t find pleasure in people going under, but if those people are too stubborn to pay attention to the market value around, they will just keep on dropping their list price after others instead of being the first to do it and their values will just keep dropping not allowing them to get rid of their homes.

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