For sellers, do not become overzealous given the latest developments.  Given last month's demand, there are still 14,026 sellers who will not be successful in selling their homes over the course of the next month.  There is tremendous competition, which includes sellers who are upside down on their loans and bank foreclosures who don't have a choice and MUST sell.  If you are a homeowner contemplating selling your home in the current market, you too should sell if and only if you really have to sell.  In this market it is all about location, condition and price.  As a seller, you really only have control over price and condition; so, make sure that you have an excellent asking price based upon a realistic and careful analysis of the market and a home that is in excellent condition and shows well.  Your real estate agent can provide guidance on enhancing the showing experience and the cosmetic repairs that may need to be addressed in preparing your home for the market.  As a seller, remember to pack your patience and be just as ready for a showing on day 120 just as you were in the first week of placing your home onto the market.