We’ve been hoping for a better selection of listings for our buyers. Compared to the past 3 years, we’re seeing a lot more homes coming on the market over the past week. The trouble is, they’re selling faster than usual, too. Sales over the past week are up a phenomenal 32%.
So far, we haven’t seen a significant increase in prices, but if this imbalance persists for a few months, do you think that low supply and high demand will dictate that prices go up?