With the inventory continuing to decline with the heightened sales activity, the markets continue to tighten, and are getting more competitive. While some markets are beginning to move into sellers markets, many remain in busy balanced territory. The signs to watch for are when we start seeing months of inventory drop below 2 months, prices increasing and days on markets lowering, then markets have shifted to the sellers territory.
Keep in mind that even with the multiple offers, and the back up offers occurring in the markets, it is still important to price properly as buyers recognize the over priced inventory, and it will sit on the market if not properly priced.