We had an offer accepted back in 10/2011 but backed out, at that time we had our pick of houses in our price range. Right now in 6/2012 it's less than slim pickings, you can count the number of houses in our price (that wed consider actually living in) on one hand across about a 20 mile stretch.
It's not that prices have gone up pushing houses out of our range, it's that the overall supply has dried up for several reasons. This article says inventory is down 61% from 4 years back. Our R/E keeps wanting to meet to discuss strategy but I just figure he's bored... what strategy is there when there's nothing to buy?
Is it just here or is it everywhere?