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Old 01-03-2014, 01:58 PM
 
Location: Orange Blossom Trail
6,420 posts, read 6,523,810 times
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Quote:
Originally Posted by PKCorey View Post
Less inventory on the market so the prices go up sounds normal?
Im curious if this actually true. Not saying its not, im just curious.
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Old 01-03-2014, 02:28 PM
 
Location: Atlanta
2,862 posts, read 3,821,216 times
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Quote:
Originally Posted by BlackPeach2 View Post
Im curious if this actually true. Not saying its not, im just curious.
I don't have data to support it, but there do seem to be less available. I guess quite a few people decided to strike while the iron was hot. But to your point, it also seems that the higher prices are due moreso to location, location, location.

For now, I've decided to pay over-priced rent until I can figure out if I really want to buy in the area. I'm not thrilled about it, but I refuse to cry over spilt milk so I will either suck it up or wait it out. If nothing else, I have determined it's far worse to purchase in an area that doesn't suit you.
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Old 01-03-2014, 02:52 PM
 
3,709 posts, read 5,986,744 times
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Compared to when I was looking for condos in 2011, yeah, there's definitely less on the market. Buildings would routinely have 20-30 units available. Most now are down to 10 or so.

I'd say 10 units on the market (including pending sale) in a building with 300-400 units is pretty tight inventory.
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