Real estate experts say there’s plenty of high-end properties available, but when it comes to low or moderately priced homes it’s practically impossible to find.
That makes for an incredibly hot and aggressive real estate market.
“It’s literally become somewhat of a jungle out there and when you’re in the jungle you have to do what you have to do,” said Reginald Harris with Harris Realty.
Harris says we are definitely in a seller’s market which would explain the random text messages and letters from realtors and investors looking to buy your home.
Harris says the real prize in this current market is homes priced around $75,000-150,000.
They practically don’t exist in inventory.
“And the ones that are there, we’re talking about if a house goes on a market at 12 noon on Friday, well by 12 noon on Saturday there are probably 15 to 20 different offers on that particular home and the home doesn’t even have to look good, it just has to be available,” said Harris. Read more
