Ukko wrote:
The economy is really slowing down. I took a break for awhile and came back to find prices undercut pretty hard, lower volume moving, etc. People undercutting stuff into oblivion isn't helping either. Some items went down by 50% or more in some cases. I think a lot of the population from the huge wave from last Summer and Fall have got into the late and end-game levels, so a lot of the low and mid level stuff doesn't move quite as quickly as it did, and everyone is just sitting on tons of inventory.
Undercutting has a more dramatic effect on Nasomi then retail, there's much less movement of specific items, so it is difficult for prices to recover. Will be interesting to see if the trend is cyclical this Summer.
My only wish is that people would undercut more intelligently. I've watched .. specific.. people just tank markets by undercutting 15-20% of the price at a time. That was 3/mo ago, and the price is even lower then when I left. There's a finite amount of people purchasing some items. You can successfully undercut doing much less and still sell your item at the same speed .. and make more money. That being said, it is very much the farmer's market right now.
Prices in general have trended down since ToAU and some big bans. It would be interesting to know if there's more or less gil in the economy then 6 months ago, or if there's just that many people in competition.
Either way, I love crafting in XI. We'll see what happens when the "character slots for gil" addition happens, should spice things up a bit along with Summer break.