Seller's Market Changing Over To A Buyer's Market

The Daily Herald in the Chicago metro reports on the emerging buyers market in what were the hottest housing markets in the country. Exhibit A? A Seattle woman who is currently trying to sell her apartment.
Just ask Kelly Randall, an Amazon employee who listed her renovated Seattle condo for $539,000 -- a bargain compared with the $615,000 her friend got last year for a smaller place in the same building. Almost four months and four price cuts later, Randall's still waiting for an offer.
"My timing sucks," she said. "It's a little frustrating."
For the first time in years, the U.S. is entering its key spring house-hunting season with buyers holding the upper hand. Nowhere is the shift more pronounced than in once-hot areas such as Seattle, San Francisco and Denver, where bidding wars are vanishing, time-on-market is climbing and prices are flattening, or even falling. These western cities, the center of the recent housing boom, are now leading the slowdown.

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