THE LAST GREAT SELLERS MARKET...for a while

Low inventory here in Manhattan is definitely the main story here also.  We also see a lot of new development condominiums in the pipeline, but the developments are primarily targeted to larger apartments and the luxury segment, so the entry level price points remain without much inventory.  

It may be true this is the last great seller's market. Lending requirements are changing and it will dash hopeful home buyers' dream of homeownership. Home affordability is becoming more of an issue. 

All sellers want to watch for the shift when prices bring underwater homes aground again.

Hi Alan, It was just a matter of time, prices are going up and the pickings are thin.

I do agree with you.  This has been a good Sellers market.  So wishing that it would continue.

Where are are areas with low inventory, buyers must be prepared.. and ready, willing and able to make an offer!  It is difficult for many buyers.

Alan, I would also add that in addition to inventory lending changes are coming the first of the year and we will all be on a learning curve for that as well making the last quarter of this year look even more attractive for buyers.

Ebbs and flows... let's see where we are in eight months or so.

Love and light,

Laura

Same situation in Mesquite, Nevada. You can hear construction all over town. Now to get buyers to understand that they can take a realtor with them when they are trying to negotiate a deal for a new build.

While I no longer have access to the MLS, it appears that our inventory is still high enough with all of the development that has been going on.

Alan, our market is rapidly moving from a sellers market to balanced so I'm advising any client thinking of selling in the next few months to list now.

Alan, I would think that due to low inventories now would be a good time to put a home on the market.

Real Estate cycles are no respecter of persons...Yet many still fail to navigate correctly with the ebb & flo

Great post.  Supply and demand are at it again.

Inventory will stay low in existing properties until an interest rate rise. The lure of a refinance at low rates is a siren call to many because staying in a home offers certainty and low rates is economic certainty. When rates rise there will be more people on the market in my opinion.