I'm definitely starting to see people priced out of the market here. Not severely, but for a majority of the last 7-8 years that didn't happen very often. I personally think the real estate market needs to become more neutral. This coming from a real estate agent. In nearly 18 years of wheeling and dealing in real estate, I've seen a neutral market for a very small sliver. I'm talking months as the transitions from buyer's to seller's to buyer's to seller's markets have been abrupt. I don't mind the idea of a listing sitting around for 30-90 days. I actually have a chance to sell it myself and convert some buyers into clients. I also don't have to juggle 10 offers on one listing. The amount of incoming agent calls can be pretty atrocious. It's also super competitive for our buyers. It's not uncommon for a buyer to lose out on a couple houses. I'll naturally carry more listing inventory in a neutral to buyer's market and I like that.
As with everything, you find the silver lining and make the best of the cards you're are dealt. There are always opportunities in every market if you don't put the blinders on. I just gave my real estate team a pep talk on this yesterday. ha
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Todd
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