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View Poll Results: "How's The Market?"
Buyers market. Lots of inventory. Houses are just sitting on the market until sellers cut prices 1 3.33%
Buyers market. Houses are selling after extended time on the market. 4 13.33%
Houses are still selling but taking a week or more now. 10 33.33%
Buyer competition is evident. Not enough inventory. Houses are selling in a day or two. 7 23.33%
Buyer competition is strong. Extremely low inventory. Houses often sell before showings start, even sight unseen. 8 26.67%
Voters: 30. You may not vote on this poll

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Old Yesterday, 05:44 AM
 
Location: Cary, NC
43,313 posts, read 77,154,614 times
Reputation: 45664

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What is your impression of the local housing market where you live?

Strong Sellers Market?
Strong Buyers Market?
Somewhere in between?

A poll, just for fun.
Do any of the poll options describe what you see where you are?
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Old Yesterday, 05:51 AM
 
106,720 posts, read 108,913,061 times
Reputation: 80208
Shortage of supply. Bidding wars going on

Sellers are taking cash deals as banks are under appraising sell prices
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Old Yesterday, 09:52 AM
 
Location: Long Island, NY
1,970 posts, read 2,710,811 times
Reputation: 2714
Bidding war on my house. Definitely a seller’s market. Very low inventory for an excellent neighborhood.
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Old Yesterday, 10:14 AM
 
388 posts, read 111,411 times
Reputation: 630
Put mine on the market April 5th. The first week was extremely rainy and no one came out. Second week was sunny and nice, with a good number of people coming out, and had multiple offers by that Wednesday and under contract by that Friday. For $20k over asking.
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Old Yesterday, 10:17 AM
 
Location: Rochester, WA
14,495 posts, read 12,134,812 times
Reputation: 39084
I answered with 4 because that's the last one we closed, in the starter home range. Homes in the lower brackets are still scarce and are still going quickly. Homes in the higher price ranges, and those which are overpriced, are taking longer. We're in semi rural Western Washington.
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Old Yesterday, 10:22 AM
 
Location: Cary, NC
43,313 posts, read 77,154,614 times
Reputation: 45664
Our local median is about $480,000, I think.
I'm seeing $700,000+ stuff fly off the market.
We are in close to the "action," schools, jobs, universities, medical care, so that is to be expected.

Get out more rural, and things are a bit slower.
So, I marked #4. My neighborhood area is definitely #5.
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Old Yesterday, 10:39 AM
 
106,720 posts, read 108,913,061 times
Reputation: 80208
once again , those who called for prices to seesaw with rates and plunge were wrong again in desirable markets
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Old Yesterday, 10:49 AM
 
24,595 posts, read 10,909,474 times
Reputation: 46958
Cannot find what we need only zero lot line 3/2 in the 400+ range or 1 mio+.
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Old Yesterday, 10:52 AM
 
7,142 posts, read 4,552,321 times
Reputation: 23382
Our housing prices are now higher than Sacramento. Because of out of state buyers raising prices many locals can no longer afford to buy. Our market was very hot until the interest rates went up and now there’s not many homes for sale. It can take 2-6 months to sell now and prices have come down slightly.
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Old Yesterday, 11:53 AM
 
1,977 posts, read 6,864,775 times
Reputation: 2559
It is a nice poll but I believe location & price range would have a major influence on how the market looks.
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