"Frenzied" is an apt description for March activity. Serious buyers are chasing dwindling inventory with multiple and higher offers . Builders are increasing production but finished product will be in third quarter with many "pre-sales" in the mix. Market time has decreased with many homes selling in less than 30 days. Buyers are well educated and sellers need be realistic in their pricing. With rental rates surging, home ownership has seldom been more affordable. Investors a and "all cash" buyers are part of the mix as they see remarkable opportunities for investing in the residential rental market.
