I’ve been watching 30 + properties in the Triangle Area of NC for well over a month, watching to buy one. They keep listing more and more, but not a one of the properties in the upper end of the range has sold. They say they have 13 months in inventory right now and it is building. Love this buyer’s market when I am buying. I’m holding off until I see the market turn or there is just the right home that I can’t let go by!!!!
Interesting note: Thew number of short sale and forclosure listings is huge. The banks are not forclosing on many of the upper end homes as they can’t afford to take the losses on their income statements.