That's great news for your market. We're starting to see the same thing here in Phoenix. 2013 is turning into a great year.
I think Mona in many areas of the country it is a seller's market so inventory is low so buyers can't wait and they make decisons.
We are seeing a definite Seller's market in San Jose, Saratoga, Palo Alto and Cupertino, Calif.
Tim, you also. "normal" helps us plan better and breathe easier.
James, I've heard that the Phoenix market is on the mend.
Gary, I'm just hoping we have a balanced market for a while and not go sliding into a seller's market too quickly.
We are dealing with a 180 degree turn around. We have very low inventory, prices are rising, and short sales are still a challenge. A few years ago, if you put in an offer for the buyer, you'd hope it would appraise after approval. Now, approvals are coming with a higher price and you hope the buyer is willing to pay it. Many buyers are at the high end of their buying power and can't meet the rising costs.
There's always a current market. Those that adjust do fine in any market.
Down here we are seeing multiple offers and bidding wars once again. It is a shock of buyer's, they are so used to controlling the market.
Mona, no paralysis here in Southwest Florida either! Things are quickly progressing! Enjoy your day!
Dee, I don't know what area you are in but that sounds like good news.
Barbara-Jo and Wayne, good news in FL means good news in NC for second homes. We are the Floridians favorite play area.
Not sure how long it will be normal. There is still a lot of shadow inventory out there, at least in my market.
Than, all markets are different for sure. Time for all of that stuff to come out of the shadows. Stand up and be counted and then get sold.
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