Quote:
Originally Posted by Hatterasguy
http://www.msnbc.msn.com/id/33448199/ns/business-real_estate/
Inventory is down, I am seeing this in my local market. The bottom of the market ie the 250k and down range is VERY active. Sellers are seeing multiple offers, usualy above asking! 
I hope the market at least hits bottom. Price declines make my life very difficult, stabil markets are nice.
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inventory may be down where your at but here there are a ton of houses for sale.and here it's about the 125,000 and down range that is showing some activity.above that and sales are few and far between.over 300k and forget it.there are lake houses here that have been for sale for well over a year with no offers.but alot of it is what has been mentioned.these people think it's still 2005 and their houses are worth 400k and up,yet they would be lucky to get an offer for half that.