There are areas where you can sell your house today for the most money ever – higher than the last peak. Yet look how few sellers have been hitting the market lately:
The frenzy that erupted at the end of 2012 was boosted by ultra-low rates, but the lack of inventory drove buyers – and prices – crazy too.
There are still a few days left in 2013 to pad the total, but if this dry spell continues into 2014, we could see prices jump…again. It would be a somewhat artificial bump too, because with low volume you can’t come to solid, reliable conclusions.
But that hasn’t stopped buyers recently – we’ll see if they dig in, or cut loose!