That's good news for anyone selling a community's priciest home. In a hot market, buyers are willing to spend money on whatever house they can get. In a normal market, you may get stuck if you've bought the most expensive house in a neighborhood. It's such a hot market now, and we have such low inventory, homes are in high demand. Everyone's looking for a nice house.
Sellers can almost name their own price.
Brooks has one more piece of advice, this one for buyers. When looking at homes, don't necessarily shy away from the neighborhood's most expensive one. Sometimes, she said, it's best to just buy what may be the house of your dreams. If you really want it, and you really like it, buy it. There's always someone out there who will buy it from you when you're ready to sell.