In message om,
"dennis@home" writes
On 27/03/2013 10:53, Bill Taylor wrote:

I agree, in principle, but it can take a long time to sell a house. It
took nearly 2 years to sell my parents house despite it being marketed
at a very realistic price. (Not in the SE, so not an active market.)


If it doesn't sell its not a realistic price.

There is a housing shortage but some people refuse to sell to those
that can't a££ord inflated prices.
Why should they if they don't need to? Market forces will eventually
bring about a re-adjustment.
Something to do with the house prices having been inflated over the
years by speculators.
Simply supply and demand.
--
bert