One thing that has been particularly notable is that there is many more people looking to buy than looking to sell. For the region we are down 14% year to year on the amount of homes listed. That means that there are less homes on the market and with more and more young people getting turned on to buying vs. renting there are more buyers than ever.
One home in my neighborhood that was priced at $99,000 had eight offers on it in three days. I wrote an offer for $15,000 more than the asking price, and we were no where near the top offer on this home. This has been happening increasingly in "hot" neighborhoods, and because of this the prices for homes listed has also been increasing. A lot of this has to do with the warn temperatures for the winter, but even more of it has to do with people realizing that they are paying more for rent than they would for a monthly payment on a home. All I am saying today, is don't be a turtle on this opportunity to change your life in a dramatically positive way, and start thinking about the home you always wanted as a reality, not a dream.
