A “buyer” is one who “buys” something. Therefore, I think your 20 buyers would be more appropriately described as 20 would-be buyers. Having said that, we discussed the turnout and agreed that this is a modern-day record for us for open house activity. Another of our listings (same general price range), as you are painfully aware, had a single visitor on Saturday and only three on Sunday. If I had just this information to go on, I would conclude that there are no serious buyers (would-be) in sight. I think the only thing we CAN conclude with confidence is that this market in dynamic, which is a fancy way of saying that we don’t have a clue from one minute to the next what is going to happen on any given Sunday.

Yes, a clarification is necessary here. Many “potential” buyers came through. I was on an “open house high” when I wrote that comment. The bottom line is that no one actually made an offer to buy it. This confirms what we have been saying for a while. Call it “dynamic” or “clueless” or whatever you wish. although potential buyers are out there, they are extremely hesitant right now. Everyone is seeking “value” whatever that is today and most are stretching financially to make it happen. One more caveat re: the high level of activity I experienced is due to the fact that this home is one of the least expensive detached homes in Scripps Ranch. This “under $500,000″ price point is very different than the majority of homes on the market right now, where the “average” list price happens to be over over $900,000.

Apology accepted.