I don't think any thing suspicious is going on here I think you are experiencing the biggest BOOM MARKET since 2004 and 2005.
The media is not reporting what is going on. Currently (04-27-09 5:35pm) according to the MLS there are 32,020 single family homes on the market. 15,958 homes have contracts on them. That means approximately 1 out of every 3 homes has an offer on it. Of the other 2 homes that are available, they could show as active and have offers on them MANY OFFERS ON THEM. I am working with buyers and homes that seem available have between 2 and 28 offers on them. In Surprise, the numbers are even more extreme! In Surprise, 805 homes are currently PENDING (under contract) and 1,165 are active. This means there is less than a 2 month supply of homes on the market (The same conditions we experienced in 2004/2005).
If you have any questions about the current real estate market feel free to contact me at my website http://www.TheKeysTeam.com
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