2011 has started out with a low inventory of properties to buy.  In fact, there are only 306 Detached homes, and only 1,297 Condominiums for sale in the entire West Side today.  We started to see local buyers coming back to the market in the latter part of 2010, and that trend should continue, as the market has rebalanced and stablized.  For property owners considering selling in the near future, it would be advisable to get a jump on the spring market, while inventory is low.  For Buyers, if the inventory stays low, this will put pressure on prices.  Buyers should also consider that interest rates are forecast to rise.  If you are buying or selling, why wait for spring?  Do it now!

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