Inventory is extremely low and mortgage rates have been falling consistently for more than a couple of months. This is the setting for increasing buyer activity as they have acclimated to the new market place. Rates are not the only driving force, low inventory also plays a big role as buyers have less choices in where they want to live. If they find places where they want to live, there is now competition for those choice properties. Simple economics of supply vs. demand.
There are of course, still properties that don’t have a lot of competition which can be purchased for less than list price. But they are not the ones that everyone seems to want.
The choices are there. Depends on what you want.
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