Low inventories thwarting buyers

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  Low inventories thwarting buyers

Available homes go to the swift, ready and aggressive

By Andrea V. Brambila, Monday, October 1, 2012.

Inman News®

Homebuyers nationwide are discovering their self-appointed task is not for the faint of heart. Nearly every major market has seen double-digit declines in inventories of for-sale listings, making multiple-bid situations common.

According to Realtor.com, which receives listings data from nearly all of the nation’s multiple listing services, there were fewer homes for sale in August than at the same time a year ago in all but two of 146 metro areas tracked.

Inman News asked real estate agents and brokers in markets with shrinking inventories how they’re coping, and found that many are dealing with at least one consequence of the shortage: thwarted buyers.

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