It appears that way! Inventory is the lowest it has been in years. If you have been out looking for a home, you have probably noticed a shortage of move in ready homes. Many homes are selling for above list price and are recieving multiple offers. Do not get discouraged, just keep looking. Investors are also noticing the shortage as well as they look for good investment homes.
What does this mean?
We will see a slow, but steady increase in home prices over the next few years. It is however still a great time to buy as prices are still very low and interest rates are still at near record lows.