A mix of carry-over demand from last year’s buyers, low interest rates and tight inventory is fueling bidding wars for affordable move-in-ready homes in middle and lower price ranges. Buyers need to act quickly with strong offers.
Limited inventory is not a problem in most upper and upper-middle price ranges where closed sales continue to increase, but values have been flattening.
Both buyers and sellers will create additional opportunities for themselves by getting an early start in this year’s market.