Is Housing Slowly Turning to a Seller's Market?

Is Housing Slowly Turning to a Seller's Market?

This is a very interesting article.  And, though it may be generally true across most markets throughout the US, I would have to disagree with the majority of it here locally, despite the fact that there are some truths within.  Only in certain segments of our local Real Estate market are we seeing multiple offers and bidding wars (but, it is certainly not unheard of).  This is mainly happening in the lower price range (under $175,000) or with aggressively priced homes.  For the most part, our inventory IS down and sellers HAVE started coming to grips with what kind of offers they can get on their property...... which helps to move the properties currently on the market, remove the overpriced ones, and actually start heading towards a balanced Real Estate climate.   Getting to a balanced market place though, will take time.  And, only time will tell.  I'll keep an eye on the stats and keep you posted!