Tuesday, April 24, 2012
After almost 3 years of slow to moderate activity on homes, you now almost have panic buying in some price ranges. We have been in multiple offers and I am talking about 3 or more on a number of transactions lately. I wonder with the lack of inventory if this will be the norm through the summer or if inventory will pick up and calm things down a bit. I have to admit, there's a bit more excitement out there, but when you are representing a buyer in one of these, it's excruciating for them. Is this the beginning of a turn around? Only time will reveal the answer so I will revisit this in 6 to 8 weeks to see if the dust is still stirred or if it has settled. This is Dave, from The McLaughlin Group, keeping it real in real estate!
Posted by The McLaughlin Group at 9:50 AM