I just called to check on 2 listings that recently came on the market. Both are bank owned properties. One is priced at $125,000 and is a nice house but nothing special. Within 2 days, there are 23 offers and many cash offers close to $160,000. The other is $115,000 and also has multiple cash offers way over asking.
What a difference a few months makes on buyers, prices, and sales! This is a frenzy market! I am so happy after so many years of challenging buyers, sellers, investors, it seems the pent up demand is finally acting.