Unfortunately many buyers waiting for the shadow inventory stayed sitting on the fence for almost another year and by the second quarter of last year properties started to move quicker from listing to pending. As existing inventory started to get gobbled up by the buyers in the marketplace and more buyers began transitioning from sitting at the sidelines, current inventory start to decrease. As inventory decrease and buyer demand increased, prices shifted upwards due to multiple offers.
There are still opportunities out there - as a home buyer you'll just have to move faster, pay more and be unemotional. If you aren't, you'll end up pricing yourself out of the market.
Please let us know if we can help you make the transition to homeowner :)
Have a great day!
Kyle & Norma
RE/MAX Town Center
800-525-5157 ext 0
The prices go up and down...save your money...consider buying a condo or townhome....or in an area a little farther out from where you want to be!