We are depending on the location and price point of the property. Higher end homes are not getting a gazillion offers all at once.

Move on it NOW, take your best shot outta the gate. It is always interesting when agents call and whine because the property is already UC and they were going to see it 'in a few more days'. Well dude, can't put the toothpaste back in the tube, but we cheerfully accept backups! If the buyer can't get there that fast, agent should view themself, then have buyer write and view during inspection period. The North Remembers 2005! LOL!

I flew through your fair city late last night. It felt fine to me, but then I was coming from Florida.

     Our market has finally returned in Tallahassee.  Maybe not smoking hot like you describe, but we are seeing a ton of activity in the median price range.

Anna,

Some people have not realized what this saying means; "the early bird gets the worm." And some never will.  It is all part of that landscape of humanity. A

Hi Anna --- regardless of market conditions, there are examples of this occuring.  Now and always.

We are still seeing 20 to 30 offers on some properties but also seeing price reductions very quickly after a property initially comes on the market with an optimistic seller/listing agent.  

So many factors come into play:  price range, neighborhoods and more. Good luck -- it's always nice to have listings and be in control.

Absolutely, Anna!

Now, the upper-end price ranges are not going nearly as quickly but, I was in a bidding war last Sunday on an $800K home. You just never know so, you definitely don't delay a minute, showing your buyers when something hits the market!

I just don't get it when agents don't see an urgency in a hot market! I feel sorry for their clients.

yes.... if the property is priced properly, it sells immediately....

Yes...quite fast paced under $1.2 Million here in San Diego, CA

They will learn very quickly after missing out on every home for a while.

Why yes & that is why the early bird gets the worm. 

Get there or be square .... & other fabulous phrases.

We try and tell buyers that this is not a waiting game now. I called a buyer yesterday morning as soon as a new condo was listed, and wanted to show it to her immediately.  She said she's not a morning person, and by 11:00 a.m. there was an accepted offer and 4 backup ones!

Hope you still have the Lincoln with a/c seats!!!

Ours is balanced.

SAME here, listed a new home and 20 appointments, then the not so wise that ask to see it next Sunday and 1 for next Monday. Sorry will be sold by Thursday night

No, not that fast! Congrats 

Our market may not be quite as hot as yours.

Not in recent times, but I have had some properties in super desireable areas where this did happen.

Good for you.  You do such a great job of pre-marketing your listings.  No surprise about the flurry.  Those other agents will just miss the boat!

Yes. Homes don't last long at all. Some agents keep the home on the market for a specified period of time and set an offer deadline. Poof! The listing is gone. 

It's all relative to Price Point here

Not quite this hot in my area.

At the lower price points, nicely presented homes are selling within a week. Upper price points still have some time to wait.

We were a few months back, seeing a cooling down (not in weather though LOL) at the moment

Depends on the price point....

Morning Anna. I took on a new buyer-client as referral from a past client. with all the praises a past client could give you. Young man (with parents in tow....), first time home buyer, in the first-tier of the market in Tempe & Chandler. Which I didn't do anymore, until last week. (it was hard to say no wheh you were 'personally' recommended, or refer it to a more junior person, if you know what I mean...)

I'm literally chasing the market and properties daily. I've never worked so hard, and the transaction becomes less profitable by the day. Some properties get mls listed 'pending' from a pre-mls sign, and no mls listing in pre-mls mode. A good time to be a listing agent indeed.

Then I get into properties where by the end of the day, multiple offers were submitted. 

That's how HOT it is from my current activities.

2004/2005 being repeated?

Navigate that market. Explain that to a first time homebuyer.

On the other hand, we have priced-right really nice million dollar listings in Scottsdale sitting there with no showings.

Most listings sell within hours or within 3 or 4 days.

Sellers and their agents who think they can get whatever unreasonably high price they ask for will have their house linger on the market until they reduce their price back to reality.

Anna Banana Kruchten, CRS - We have the same experience! Can't wait for a week to write an offer for buyers! No way!

I know you can stay cool in a hot Market Anna Banana Kruchten, CRS 

There is always an agent or two who can't get their clients there in time

Those that wait lose out. It will be sold by Sunday, right Anna?

Depends on the property. If it is a fixer and priced accordingly, the interest is smashing. For the nicely done houses priced at market value, it takes on average 30 days to get it into the escrow. 

No.

I am talking about our 105 deg F HOT weather. 15 miles away from ocean. It will be that hot for several more days. Caliente.