Politics and real estate are LOCAL.
One community could have lanquishing properties while others are gone before the sign goes up.
The definition of sellers market is when there is less than six months of real estate inventory.
Some will say 4 months.
The inverse is true for a buyers market. More that 6 months inventory.
And again some will say 9 months
Here is what you REALLY need to know.
Give a local REALTOR a call and have them prepare for you a MARKET IN A MINUTE report resembling what appears on my blog.. ( www.Trulia.com/blog/AnnetteLawrence )
Real data is powerful
However data without interpretation is gibberish.
You know what to do.
Pick up the phone.