Great news, I just heard from a fellow agent that an open house he held last weekend in Westwood was attended by 140 people and the house had not even hit the MLS yet.  This is amazing news.  Open house activity has quadrupled.  Buyers are tired of waiting, and sellers are still at the sideline putting their properties on the market very slowing and cautiously.  Inventory is very, very low and buyers are frustrated that there is nothing to look at.  This is all a good sign for the market place.

I expect in the next several months that sellers will start putting their homes on the market and buyers will step up to the plate .  Buyers will start making realistic offers, recognizing that there is a lot of competition in the market.  There are a lot of multiple offers going on right now.  Even though I will not be so bold as to say that prices are going up, the market has definitely leveled and there is definitely more demand then there is available inventory.

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