Nice Homes are attracting multiple offers!

This past week, I have worked with clients trying to find nice homes that are not short sales or bank owned.  On 3 occasions we found ourselves in mulitiple offer situations on the same homes that had been on the market just a few days.The inventory on nice homes is at it lowest point in 5 years. This has already started an upward push on pricing which will most likely filter over to short sale and bank owned values as well. We are seeing signs of recovery similiar to the "frenzy" the industry saw in 2005. If your are a buyer, it is time to get off the sidelines and into this market.