What’s the housing market like where you are?

Don't play that game. Get a van and park it by the river!

upscale homes here sit forever. ours was on the market for over a year and sold at a steep discount

Houses are sold before they're listed here, got a new home boom going on

Average joe is priced out the market..

According to an article from ABC7 Chicago, selling your home over here is a lot easier than buying at the moment...

[quote]EVANSTON, Ill. (WLS) -- The housing market for the metro Chicago area is on fire if you're looking to sell, but that's creating challenges for those looking to buy.

Illinois Realtors" reported an 18% increase in sales in the nine county metro area in January and February over the same months in 2020, as well as a 15% increase in the median sales price, from $235,000 to $270,000.

Angie Jungwirth is moving from Wilmette to Northfield. Essentially an empty nester, the COVID pandemic has given her a new perspective on what life requires.

"We just realized we kind of need space," she said. "Our kids were coming home from college and from jobs to spend more time with us, and we just kind of didn't care as much about the location."

She's not alone. Those considerations, when added to record low interest rates and the fear of missing out in the Chicago region, have shrunk the inventory of homes for sale, observers said, to levels not seen since before the Great Recession.

"There's no inventory, and buyers are fighting to get in," said Sandy Sherwood of @Properties Evanston.

As they focus on functionality, Sherwood said buyers must be prepared for bidding wars virtually everywhere.
[/quote]

It’s booming here. New construction and resale. Two of my brothers just bought new homes. Listed theirs, one sold in 3 days and the other in 5. Both 20k+ over the asking price.

Ridiculously over-inflated.

Here in the east of the UK the average two bedroom house is currently costing about £250,000 ($344,000) (e290,000) But there's no logic as to why.

I fear this is a worldwide bubble. Created to try and move the world economy forward.
Only one way that will end !

In Sydney

If you can't start at a million don't even show up

I live in a city over built in proportion to the population. Cheap houses all over.

Same here

It’s crazy sky rocketing because the local university keeps expanding and making the living cost higher. Rent is like 2400 for a 3 bedroom

Terrible. The Buyers cannot buy without being above asking price, [i]far above [/i]

I've heard that Florida is insane right now. Everyone wants to live there so they can escape from California and New York.

No one wants to live in Massachusetts, unless it is inside the elitist areas like Newton and Wellesley, or certain areas in Cambridge.

Prices are up about 7.8%.

I have people bidding to buy a home not even ready to be built

Insane would be how I would describe it.

Same,the homes are overpriced and people are paying 10 to 20k sometimes over the asking price. It's a seller's market and buyers are having a hell of a time. I keep seeing listings for 500k for 1200 sq ft SFH

Competitive. But its not that expensive where I live, we are in zee sticks though... so only real competition is from zee amish.

I don't know but I should

It’s great

Very strong values here in England and rising.The actual price varies for different areas of the country.A tax on house purchases called stamp duty has been temporarily stopped to help people and it has fuelled sales.

No idea.

Multiple bids, real estate going much higher than listed, and #1 market in the US currently.

Our houses are listed or sit empty for years. It's pretty bad.

Inflated but booming

Around 1.5 to 2 million.

It's booming here on the beach. The market is growing in the Carolinas.

Nuclear! I just signed for a place yesterday. I'm sure it was worth about 80% of that 2 years and in 2 years I'm sure it'll be again!