The total inventory on the local market dropped from 3,175 in March 2019 to 2,523 in March 2020 and then plummeted to just 846 this March.
“I know some would say ‘Well, just don’t have the inspection,’” Geier said.
Another trend the real estate market is seeing more frequently is buyers using an escalation clause, putting into place a system that any time an offer comes up that exceeds one’s own, an automatic bid to top that by an agreed upon amount goes into effect, but only up until a certain ceiling, Geier said.
These are the absolutes that I have to have, but beyond that I could possibly compromise, like how many bedrooms or what the layout of the home is or how big the yard is, just different things like that that might be more easily compromisable for you.