The lack of inventory has caused prices to skyrocket. It is the old 'Guns and Butter' Rule. To answer, Yes.

So little inventory and so many buyers, Michael! A killer market!

Our market is good.  Sellers are smart listing while buyers are out in full force.

Yes...in lots of areas, when a buyer can find time to tour homes..they already have an accepted offer.

In the Dallas/Fort Worth area, we have a big shortage in inventory.  Most every property is in a multi offer situation.

Homes between 100-200K are hard to find.   They usually don't last long once they hit the market

Many home buyers face multiple contract competition in our market.

Low.

About 3 months worth...

Yes in the metro Atlanta area the inventory has been very low.  I worked with 2 buyers that is took 8 months to find a home in their price point.

Michael Thornton - well, it seems market has opened up for us and I see many homes on market now....still not enough supply as compared to demand.

Everyone here is still looking for more inventory. The latest is to revive the expired.

Inventory is very tight in our homes for sale at or below the median sales price.  Multiple offers in many cases in that price range.

Michael - I continue to hear that there is a lack of inventory all over the country, but here in the local area I represent, the inventory of homes is increasing, and has been every since January of this year. Is there a shortage of homes priced between $100k and $200k, yes, but that is also because home prices are rising. You can't really find a home over 1,500 Sq Ft that will be less than $200k in the area I work in, unless it needs a lot of work.

Yes it is frustrating. I am checking out fsbos .

Yes, Michael, our inventory is shrinking and will soon become a problem for the future.  Though, this is causing prices to go up, which may just induce more sellers to enter the market.

Very tough for buyers in Santa Cruz too

It's tightened but isn't causing buyers too much pain. Sellers are seeing it's a good time to list.

Oh yes.....the lack of inventory is stressful to listing agents who are digging deeply to find more....

$130,000 is as short as I have seen since '04 '05

I am seeing an interesting shift in my market. Yes, inventory shortage has been an  issue and it remains tight, but is growing.  What I see though is a shift in the higher price points. Buyers were eager for new listings and now that the new offerings are here, they seem to have retreated.  The time to sell is quite different in my top market under the million mark (about 4 months to sell) and over (between 12-13).