Source: Apartment Therapy —
Every month, I get at least a couple of letters from real estate agents who say they have buyers who are interested in purchasing my home. Some of these solicitations arrive via handwritten letters, others are more generic postcards. Alas, my Denver-area house isn’t actually for sale, and, despite having multiple suitors looking to skirt the MLS, I have no plans of putting it on the market any time soon.
The real estate market is, indeed, parched for affordable inventory as homes are selling at record-high prices. Formally, the numbers tell us that we are nearly four million homes short of would-be buyers’ demand and, according to Realtor.com, median home prices ascended to an all-time high of $405,000 in March 2022. But informally, these types of mailers sussing out opportunities to buy off-market homes lend anecdotal context to the numbers, revealing the cutthroat nature of today’s buyer’s market.
