We need more Listings…NOW !!
I wrote an offer (on behalf of my clients) on a home in Loudoun County (South Ridnig) this past week. That was a short sale and as is happening with a good number of such short and bank sales, I had to compete with multiple offers..(in this case more than seven). The property seems to be going more than 10% higher (no way to tell for sure at this time, though) than the list price, and we dropped out of the race.
At this time of the year, it is quite normal to see more buyers. But the problem now is that there are not many homes on the market. Inventory is low. Atleast not as we expected to be, for this time of the year. We need more listings NOW.
