Anyone else seeing a buyers' market

[Salvatore Lentini]

Just curious as to how others on BP are feeling about the market?  Personally, (in the commercial space) I've started to notice sellers have become more flexible and brokers are hungrier in the past 2 months.  I'm actually getting brokers reaching out to me on deals (because of the lack of activity) instead of me hounding them.  Rates are high but if you can make the numbers work... it looks like there might be some deals to be had as opposed to the past few years where every deal had crazy competition.  I'm in Philadelphia suburbs.  It hasn't been pronounced but just starting to notice the tide turning.  A vibe. How about you?

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Quote from @Salvatore Lentini:

Just curious as to how others on BP are feeling about the market?  Personally, (in the commercial space) I've started to notice sellers have become more flexible and brokers are hungrier in the past 2 months.  I'm actually getting brokers reaching out to me on deals (because of the lack of activity) instead of me hounding them.  Rates are high but if you can make the numbers work... it looks like there might be some deals to be had as opposed to the past few years where every deal had crazy competition.  I'm in Philadelphia suburbs.  It hasn't been pronounced but just starting to notice the tide turning.  A vibe. How about you?

I track the Maricopa County (Phoenix, Glendale, Mesa) market and 50.2% of the listings have dropped price in the last 30 days with 19.6% having dropped more than 60 days ago for a total of 69.8% dropping their price since listing. 

I'd say that's a pretty major turnaround.