It really depends on what "market" you are living in. Real estate is very local. Here in St. Louis I would say that we are slowing a bit but still leaning more towards a "buyer's market" in that inventory is low and prices are slowly creeping upwards. I attribute it to the low interest rates. If and when there is a credit tightening then I think we could see a true market shift here locally.
We are in a seller's market. Inventory is flying off the shelves as to say. There is a lot of competition between the buyer's. Finding the right home is key for a buyer but finding the right home for the right price is what seems to be more difficult these days. You need someone who is searching everyday for new listings as soon as they pop up. Someone who is working hand in hand with you and great with their communication to keep you in the loop on everything. There are still many investors out there that make it more difficult for those homeowners that are serious about their search for their dream home. hope I answered your question. If you have any questions please feel free to call or email me.
Coldwell Banker Kivett- Teeters
BRE Lic. # 01936003
Hope this helps!
Market snap shot