If you've been following along since the beginning of the year, you know the real estate market has been battling low inventory, as evidenced by the 21 homes that sold last week. The savvy reader will have noticed that the Sunday Open House lists are beginning to grow, which is good news! I talked to more than a couple colleagues with many homes coming on the market over the next couple months, so there will be more data and more lovely homes to look at soon! What does that mean to the market as a whole and to buyers and sellers alike? In a more balanced market not so starved for inventory it could forecast fewer multiple offers and more balanced sales numbers. However, in this market, that has not been the case. Any influx of inventory is quickly gobbled up and the buyers whose offers didn't win hastily move on to the next property -- more exhausted by losing bids and more ready to do what it takes to win.
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