Are House Flipping Shows About To Make A Comeback?

I’ve been reading about an interesting phenomenon in the local (Metro Detroit) housing market.  There is currently both a buyers market and a sellers market happening simultaneously.  I would expect that this is happening in many areas around the country as the real estate market recovers.

A sellers market is defined as having less than three months of available inventory for sale.  A buyers market is having more than that.

What’s happening is that buyers are looking for move-in ready homes.  Those homes are being snatched up quickly, and are even back to the days of receiving multiple offers, some above asking price.  There is currently only a one and a half month supply of these types of homes in our area, making it a definite sellers market if your home is well kept and move in ready.

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