John Wiley,  Lee County, FL Real Estate GRI, SRES,GREEN,PSA (Right Move Real Estate Group- EXP Realty)

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Rainmaker
2,441,840
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Basic economics... less supply, more demand, higher prices.

Mar 03, 2018 05:07 AM
Rainmaker
976,053
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Yep... Economics 101.  Supply and demand.

Mar 03, 2018 05:07 AM
Rainmaker
1,714,725
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It is very difficult to make sales when your shelves are empty !!!!!!!!!!!!

Mar 03, 2018 04:21 AM
Rainmaker
1,383,338
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

There are just not enough homes that buyers WANT. That is the situation. If sellers would just ask a correct price for the condition of the house - we'd have more sales.

Mar 03, 2018 05:34 AM
Rainmaker
659,061
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The pie is smaller.

Buyers are frustrated.

Sellers are overly optimistic.

The 'good stuff' goes fast.

Alternative home buying and selling options getting increasingly accepted.

They can not build new houses fast enough.

Mar 03, 2018 05:29 AM
Ambassador
1,910,192
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Multiple offer, fewer days on market, increase in prices, and yes, lower number of sales. You can't sell what you don't have and what you have you can sell only once. 

Mar 03, 2018 04:53 AM
Rainmaker
653,815
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

We don't really have too much of a problem with low inventory around here. but, it can vary depending on price range. We have a good variety of resales, building lots, and new construction.

Mar 03, 2018 04:26 AM
Rainmaker
4,318,165
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

we have low inventory, and if a home is priced reasonably, it sells for over list price the first day.... not a give away!!!  just reasonable for the market....

Mar 03, 2018 08:33 AM
Rainmaker
4,310,582
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Lower sales volume and higher prices.

Mar 03, 2018 07:30 AM
Rainmaker
816,222
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Well, given that we've had low inventory for the last 7 years; nothing discernible today that we haven't been discussing since Q4 2011.

Mar 03, 2018 07:24 AM
Rainmaker
3,776,961
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Right now our real estate market is in flux, with all the weather and fire related problems. and I agree with Carol Williams 

Mar 03, 2018 07:05 AM
Rainmaker
4,652,011
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Higher prices and discouraged prospects.

Mar 03, 2018 06:59 AM
Ambassador
731,465
Mimi Foster
FALCON PROPERTY SOLUTIONS - Colorado Springs, CO
Voted Colorado Springs Best Realtor

There is so little inventory right now (590 active single family homes compared to a normal 4000+) that it's hard to move up because you're paying more for something not nearly as nice as your current home, and it's hard to move down because you're paying the same price for something not nearly as nice as your current home. It's good to have listings. 

Mar 03, 2018 06:47 AM
Ambassador
2,587,111
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

We're going on 3 years of being impacted by low inventory - sales are steady but, prices are up and bidding wars occur on nearly every listing under $400K. 

Mar 03, 2018 08:33 AM
Rainmaker
2,597,172
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Supply and Demand work pretty much the same no matter what.  Low inventory with high demand drives prices up.  Home prices in my area are HIGH.  Depending on the area, list to sale price ratios ranges from 110% - 120% in February 2018.

Mar 03, 2018 07:40 AM
Rainer
67,832
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

Multiple showings, multiple offers, and sales prices higher than asking.

Mar 03, 2018 07:24 AM
Ambassador
2,092,169
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Not a major issue here, other than 2/2 townhouses on east side, and $175K to $250K houses in northeast. 

Mar 03, 2018 06:50 AM
Rainmaker
210,523
Ronald Gombach
The Gombach Group - Morrisville, PA

Median price in our area has increased about 5% year over year.

Mar 03, 2018 06:19 AM
Rainmaker
2,962,528
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Nina Hollander nailed this one!

Mar 03, 2018 06:03 AM
Ambassador
1,391,001
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Our market unlike others is balanced.

Mar 03, 2018 05:29 AM
Rainmaker
415,598
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Right now, it's good to be a Seller.

Mar 03, 2018 05:15 AM
Rainmaker
1,080,157
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Carol Williams and Nina Hollander nailed this one.  Like any market or any product, it's basic economic theory of supply and demand.

Mar 03, 2018 09:04 AM
Rainer
48,413
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

In my 48 years, this has been one of the slowest markets I have seen. My Purchase mortgages  are way down, Refinance Mortgages don't really exist, but my Construction Loans are keeping me busy. Look it's all cyclical...I remember getting borrowers 14 % mortgages and they loved me,for many lenders were at 16% and 18 % !!!

Mar 03, 2018 07:49 AM
Ambassador
4,067,779
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Wiley - obvious ones are prices going up and multiple offers.

A next 'melt-down' in making perhaps.

Mar 03, 2018 06:14 PM
Rainmaker
1,161,012
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Snooze and you lose.

Mar 03, 2018 09:07 AM
Rainmaker
2,280,475
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything priced right in reasonable condition sells

Mar 03, 2018 09:07 AM
Rainmaker
2,898,008
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

It usually takes buyers multiple attempts at offer submission prior to acceptance.

Mar 03, 2018 09:01 AM
Rainmaker
3,565,402
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Supply & demand speaking loudly in Denver - low inventory, multiple offers and some going over fair market, and buyers are bringing the difference to closing.

Mar 05, 2018 04:22 PM
Rainmaker
2,631,290
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Prices are going up , people on fence are trying to buy before they can not.

Mar 04, 2018 07:35 PM
Rainmaker
2,686,563
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Quality listings are bringing high prices. Law of supply and demand at work!

Mar 04, 2018 04:57 PM
Rainer
82,885
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

well I just got a low appraisal. Ugh, even though we got 2 offers, low inventory etc.   Seller is not budging on price.

We are also getting multiple offers on the smaller homes. 

Mar 04, 2018 07:55 AM
Rainmaker
2,666,582
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

The lack of people signing up to list their homes is putting the brakes on our market. 

Mar 04, 2018 06:28 AM
Rainmaker
743,548
Joyce Marsh, Daytona Beach Florida
Luxury Expert, Premier Sotheby's International Realty - Daytona Beach, FL
Presenting The Finest in Florida Luxury Living...

It all comes down to supply and demand. 

Mar 04, 2018 05:54 AM
Rainmaker
3,621,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Values and offers are up

Mar 03, 2018 09:12 PM
Rainmaker
3,448,935
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Fewer homes..higher prices due to increase demand.

Mar 03, 2018 07:01 PM
Ambassador
3,721,719
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

We have more agents than active listings. It is a big problem and pricing are rising.

Mar 03, 2018 05:04 PM
Rainmaker
527,445
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Quick turn over and fantastic list:sell ratios!! 

Mar 03, 2018 04:22 PM
Ambassador
2,720,990
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

in certain price points it means you have to show the day it hits the market and write an offer immediately after and it better be a good one.

Mar 03, 2018 01:14 PM
Rainmaker
560,322
Carla Freund
Keller Williams Preferred Realty - Apex, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

We are a sprawling area and sell in multiple counties and towns. Some towns have low inventory starting at $450k and below. Others are more like $350k and below. We seem to have plenty when you get over the $500k mark.

Mar 03, 2018 11:55 AM
Rainmaker
369,538
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I am seeing most houses (if originally priced right) getting full price and overasking price and usually within the first 2 weeks of listing.  I've seen buyers willing to pay as much as $10,000 to $40,000 over because they wanted THAT HOUSE!  Crazy Stuff.  Sellers need to get their houses on the market ... Buyers are looking for houses to BUY!

Mar 03, 2018 11:38 AM
Rainmaker
84,313
Ruth Grainger-Starr
Grainger Realty - Cripple Creek, CO
providing AWESOME real estate adventures

Not much of an impact here. We are at the point where some properties are over priced but not to many. A few of the places are getting interest but commutes are scaring buyers off. 

Mar 03, 2018 11:38 AM
Rainmaker
1,356,531
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Keeps prices up.

Mar 03, 2018 11:34 AM
Rainmaker
294,915
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

For the past 5 years, we have had less than 3 months supply of inventory in all price points. And in our market, the price of a home has gone up 80% in these years. In a nearby town, the price has doubled.

Mar 03, 2018 10:43 AM
Rainmaker
4,049,349
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not much

Mar 03, 2018 10:29 AM
Ambassador
3,441,946
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Econ 101

Mar 03, 2018 10:23 AM
Rainmaker
861,701
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Typical office of 60-90 agents has two listings. Other agents are either showing these 2 listings or on vacation. Some look for a real benefitted job.

Mar 03, 2018 09:55 AM
Rainmaker
534,946
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Our market has stabilized since last year's madness.. Although our supply is a bit on the low side, we have not yet seen the frenzy from last year.. but as we head in to the Spring market... it could all change

Mar 03, 2018 09:17 AM