Well that depends on who you ask. Sellers thought their home would sell quicker and for more money, maybe even multiple offers. Buyers think there isn't enough inventory and there is always someone out bidding them on they one they want. Then there is the matter of price range. If you wanted something under $300k you are about out of luck, for the past year prices for a single family home have been steadily pushing into the $300,000.s Buyer activity is higher for this time of year than in recent history, most likely due to the good shopping weather and great interest rates.
Sellers are having to prepare their homes for the beauty pagent and have had to make some concessions to do repairs or give buyers credits for things not up to par to get deals closed.
Two great trends we are seeing, homeowners in financial distress are at the lowest level in the last 5 years. Home prices are increasing at a more tolerable rate and not out pacing ability for buyers to afford and qualify for financing. In listing trends we are seeing up front disclosures and often pest, septic & well inspection reports, prior to the buyer making an offer. This cuts out the mid escrow negotiation conflicts which often result in cancellations. It allows the buyer to make an informed decision on condition and make a reasonable offer based on sound information. It takes most of the guess work and assumptions out of the transaction.
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