outtamojo
its impossible to know how many are out there. I always assume that any buyer submitting an offer on one of my listings has a handful of offers out there. The only thing I do know is that with prices lower than they have been in years and going down further the number of buyers will increase as more can afford lower prices and unfilled demand piles up on itself. That was one of my hypotheses from day one on this blog (i.e. when prices bottom there will be intense competition for good and great properties). I must admit that the demand I am seeing already outstrips even my wildest expectations in the sub 500 market. If nice 4BR homes like those outlined in my bet with CA renter ever approached the 500’s there would be riots to buy homes.
