We have noticed in our local area, inventory is very low!
Homes that are priced relatively decent seem to be flying off the shelves.
I have noticed this mostly with homes under the $300,000 range. Anything above $300,000 doesn't see the same movement.
This is a good sign for those sellers who are teetering on listing their home. I'm convinced if they listed their homes right now, they would sell quickly. Also, a huge number of the homes that are listed are short sales. Therefore, the number of traditional sellers are even fewer.
Also, let's hope this helps drive some prices back up.
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