Leslie just listed this beautiful home in Oxnard close to St. John’s hospital and had an open house yesterday – crazy number of people came through.

It’s now 24 hours later and Leslie has 14 offers – all over asking price. A Realtor called this morning who didn’t make the open house and asked if she could show the home (no lockbox) and I said “No”…

I laughed and said “That wasn’t nice of me was it”! I told her about all the activity and she understood. Why? There’s very limited inventory now – too many buyers (and investors) and not enough homes for sale, especially in the under $400k market.

It’s discouraging for home buyers (vice investors) and a roller coaster ride of emotions as they submit offer after offer that aren’t accepted. But I encourage them to stay in the game because the market place always changes and their time will come and they’ll end up with that perfect home.