Will The Inventory of Homes Get Better Any Time Soon?

It will be March 2013 in a few days and the real estate market is on everyone's mind right now. It is turning out to be common that houses in sought-after areas are going $10k to $40k or more over asking. And this has everyone asking..."Is the inventory of houses for sale going to grow in numbers any time soon?" I've said it before, and I will say it again: I'm not a fortune teller for Los Angeles Real Estate but my guess is, Yes. The inventory of homes for sale on the market will begin to pick up sometime around May. It is a common trend that there are less houses for sale from November to March. A lot of this has to do with school's schedules for families. People are usually more open to moving in the summer time when the kids are out of school and it is easier on the parents. Also, there is something to be said for longer days with more hours of sunlight and people feeling more comfortable about making a move then as well.  But...I can not be sure that just because we may have a steady rise in the number of houses that may come on the market for sale, doesn't mean the competition we are seeing out there right now will get better. I think it may ease up slightly but I feel that there are more buyers that will be coming out to look for homes as soon as tax season is over and people finally understand their financial situation and are able to meet with a loan person to get pre-approved for a loan. So, while we are seeing multiple bids on houses, as many as 20 or more sometimes, we may feel the ease on the number of offers on the table this coming Spring. But my guess is that multiple offers may be here to stay for quite some time. So, when you are ready to buy or sell your home, please give me a call, and let's get moving! www.amberdolle.com