April 30, 2006, The Seattle Times: Act fast: In many Seattle neighborhoods, few homes are for sale
And so it continues to go in close-in Seattle and Eastside neighborhoods, as scores of well-qualified buyers like the Maxwells outnumber properties for sale, particularly those priced under $500,000.
This is forcing buyers into lightning-fast decisions and bidding wars that reward sellers with thousands of dollars over their asking price, real-estate agents report.
It’s also keeping King County prices climbing, putting to rest any notion that ours is a “bubble market” where prices will stall or even fall.
Good thing Elizabeth Rhodes put that crazy bubble notion to rest. Prices definitely never stalled or even fell here.