There's no question the market is red hot! Things are back to where there were just a couple of years ago, where everytime I called to book an appointment on a new listing - I literally held my breath - waiting to see a) if it was still available or b) whether there were one or two (or even more) offers registered. Not a cocktail party went by in December 2009 where we didn't discuss the real estate market.  And yes, every showing I've wanted to book this second week in January has had offers on it.

Is it sustainable, is it going to get worse - there's no doubt a lack of demand is driving most of the numbers we're seeing, but where it will go is impossible to say.

There was an article appeared on Yahoo Today and it is well worth reading! Whether you're an agent, a buyer or a seller.

 Record home sales to cap off 2009 based on supply and demand, not bubble - here's the link

http://ca.news.finance.yahoo.com/print/s/15012010/2/biz-finance-record-home-sales-cap-2009-based-supply-demand.html