Basic economics... less supply, more demand, higher prices.

Yep... Economics 101.  Supply and demand.

It is very difficult to make sales when your shelves are empty !!!!!!!!!!!!

There are just not enough homes that buyers WANT. That is the situation. If sellers would just ask a correct price for the condition of the house - we'd have more sales.

The pie is smaller.

Buyers are frustrated.

Sellers are overly optimistic.

The 'good stuff' goes fast.

Alternative home buying and selling options getting increasingly accepted.

They can not build new houses fast enough.

Multiple offer, fewer days on market, increase in prices, and yes, lower number of sales. You can't sell what you don't have and what you have you can sell only once. 

We don't really have too much of a problem with low inventory around here. but, it can vary depending on price range. We have a good variety of resales, building lots, and new construction.

we have low inventory, and if a home is priced reasonably, it sells for over list price the first day.... not a give away!!!  just reasonable for the market....

Lower sales volume and higher prices.

Well, given that we've had low inventory for the last 7 years; nothing discernible today that we haven't been discussing since Q4 2011.

Right now our real estate market is in flux, with all the weather and fire related problems. and I agree with Carol Williams 

Higher prices and discouraged prospects.

There is so little inventory right now (590 active single family homes compared to a normal 4000+) that it's hard to move up because you're paying more for something not nearly as nice as your current home, and it's hard to move down because you're paying the same price for something not nearly as nice as your current home. It's good to have listings. 

We're going on 3 years of being impacted by low inventory - sales are steady but, prices are up and bidding wars occur on nearly every listing under $400K. 

Supply and Demand work pretty much the same no matter what.  Low inventory with high demand drives prices up.  Home prices in my area are HIGH.  Depending on the area, list to sale price ratios ranges from 110% - 120% in February 2018.

Multiple showings, multiple offers, and sales prices higher than asking.

  Not a major issue here, other than 2/2 townhouses on east side, and $175K to $250K houses in northeast. 

Nina Hollander nailed this one!

Our market unlike others is balanced.

Right now, it's good to be a Seller.

Carol Williams and Nina Hollander nailed this one.  Like any market or any product, it's basic economic theory of supply and demand.

In my 48 years, this has been one of the slowest markets I have seen. My Purchase mortgages  are way down, Refinance Mortgages don't really exist, but my Construction Loans are keeping me busy. Look it's all cyclical...I remember getting borrowers 14 % mortgages and they loved me,for many lenders were at 16% and 18 % !!!

John Wiley - obvious ones are prices going up and multiple offers.

A next 'melt-down' in making perhaps.

Snooze and you lose.

Anything priced right in reasonable condition sells

It usually takes buyers multiple attempts at offer submission prior to acceptance.

Supply & demand speaking loudly in Denver - low inventory, multiple offers and some going over fair market, and buyers are bringing the difference to closing.

Prices are going up , people on fence are trying to buy before they can not.

Quality listings are bringing high prices. Law of supply and demand at work!

well I just got a low appraisal. Ugh, even though we got 2 offers, low inventory etc.   Seller is not budging on price.

We are also getting multiple offers on the smaller homes. 

The lack of people signing up to list their homes is putting the brakes on our market. 

It all comes down to supply and demand. 

Values and offers are up

Fewer homes..higher prices due to increase demand.

We have more agents than active listings. It is a big problem and pricing are rising.

Quick turn over and fantastic list:sell ratios!! 

in certain price points it means you have to show the day it hits the market and write an offer immediately after and it better be a good one.

We are a sprawling area and sell in multiple counties and towns. Some towns have low inventory starting at $450k and below. Others are more like $350k and below. We seem to have plenty when you get over the $500k mark.

I am seeing most houses (if originally priced right) getting full price and overasking price and usually within the first 2 weeks of listing.  I've seen buyers willing to pay as much as $10,000 to $40,000 over because they wanted THAT HOUSE!  Crazy Stuff.  Sellers need to get their houses on the market ... Buyers are looking for houses to BUY!

Not much of an impact here. We are at the point where some properties are over priced but not to many. A few of the places are getting interest but commutes are scaring buyers off. 

Keeps prices up.

For the past 5 years, we have had less than 3 months supply of inventory in all price points. And in our market, the price of a home has gone up 80% in these years. In a nearby town, the price has doubled.

Not much

Econ 101

Typical office of 60-90 agents has two listings. Other agents are either showing these 2 listings or on vacation. Some look for a real benefitted job.

Our market has stabilized since last year's madness.. Although our supply is a bit on the low side, we have not yet seen the frenzy from last year.. but as we head in to the Spring market... it could all change