New numbers from the regional listing service RMLS show that homes are staying on the market for a shorter time, with fewer sellers entering the market even as the demand for homes goes up.
For the month of October, RMLS reported a 0.9-month supply of homes, meaning that if sales continued at the current pace, it would take just under a month to sell everything already on the market.
But some agents predict things are only going to get more difficult for buyers.
The typical home sold in October was on the market for 26 days before it attracted an winning offer, according to RMLS, about two days slower than homes sold in September.
The short supply of houses has changed the way buyers approach the process, Miller said.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.