Agents in the Clearwater area are finding it more difficult to locate homes for their buyers. Currently, there is less than 2 months supply of nice homes in the price range of $75,000-$300,000...that are not
a short sale or bank owned property. This situation has resulted in new listings gettting multiple offers within a day or two of coming on the market. Buyers are finding it harder to secure new homes as the market "adjustment" is moving more in favor of sellers than buyers at this. We have been in a buyer's market for the past 4 years. This adjustment will also bring higher resale prices for the
sellers. We are beginning to see appraisals coming in higher than we might have anticipated.
Appraiser's are factoring into the appraisal the market pressure that is developing. This is a welcomed change as the market begins to "rebalance itself" into more normal patterns.
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