Sellers market? really?

Cindy, I brought this up to a broker the other day, and believe here in a certain price point we are in one. There are too many buyers for the available properties. Understand Real Estate is local, come down here and compete with multiple offers on everything under 250k and then question this remark. 

Cindy what we are seeing here in the Birmingham area is that investors that are flipping properties are aiding the perception of a seller's market.  Those that are doing great work on rehabbing the property and then pricing them right, are highly sought after.  The long term effect is that investors are and will be instrumenting in turning the market around.  Of course hot properties and well priced homes that have been carefully prepared will continue to outsell other properties.  T

Hi Cindy,

Here the number of homes are limited. So I think it is a sellers market. But when the available homes outweigh the buyers. Then it's a buyers market.

Have a great week ahead.

Best, Clint McKie 

It is all local Cindy. . even in my huge market around Washington DC. .they are people experiencing different markets . . I have some of my listings experiencing them 

Around here it is still a buyers market, but we are finally on the upswing a bit...have a terrific week!

We are in a sellers market in Phoenix with only two months of inventory on the market. Homes are going fast here.

Overall our inventory is about a third of what it was 3 years ago.  In some price ranges, there have been as multiple offers.  One of my clients last week was one of 20 offers on an REO.

Cindy

Found your post from a repost by Kathy above.

I tend to agree with much of what you state here. Granted the inventory here is extremely low as well, (about 2 months supply in the City of Napa, our largest here in Napa Valley) but prices have barely moved up. My humble prediction, this will be the case for about another year and then I think most of the distressed properties will be gone and we are in for a pop in selling prices. My guess 10-20%. cheers cvc

Cindy, we have a few very poplular subdivisions that have very low inventory who are experiencing multiple offers. But I wouldn't say Our Market is a sellers market yet.

Cindy ~ I think so many areas are seeing a lot more properties selling quickly now, and multiple offers ... but we may be far from a seller's market.  It's just hard to quell that enthusiasm and hope for a great year in real estate.

Cindy - I am working with more buyers right now but then it is spring and it brings buyers out of hibernation.  I'm seeing a decrease of homes on the market and buyers are sticking to their higher prices too.  Times they are a changing.  I think it's different in all areas of the country.  Hope you enjoy a beautiful Tennessee day!