Here is a thing you don’t hear too much of lately: bid offs.
One of my first time buyers just lost a bid on a home. He made a strong offer, but was beat out by someone with slightly more buying power. Another listing of mine has had several offers in a very short time period. Another listing is being shown almost twice a day!
It is my conjecture that the homebuyer tax credit has brought out some extra buyers. The sellers are thinking they should wait for spring, but by then this ripe market will be gone. I literally have buyers that I have been unable to find a property for because there is not enough inventory.