I have a client that is interested in a $490,000 house. I called to schedule the showing today. I was totally floored that not only is the place already under contract, but there are several other people who are “in line” if the contract were to fall apart.
This house has been on the market for over a year. It is in northern Jessamine County where the market is flooded with houses over $500k.
It just goes to show that as long as there is a market at all, the best houses for the money will always sell, even at this price point!