ATLANTIC BEACH, Fla. – A 'for sale' sign sits outside of Linda Morgan’s Atlantic Beach home, but if the empty infotube tells you anything, it probably won’t be there for much longer.
"It's been phenomenal,” Morgan said of the response. “I was out of town the last two weeks and I was getting calls from all over the country."
Within just 48 hours of her home being on the market, Morgan says she got an offer and since then, they’ve kept on coming. The bids have been so frequent, even she was caught off-guard, and Morgan is a local real estate agent herself.
It seems the market at the Beaches has quickly flipped from a buyer’s market into a seller’s.
"If a seller has a marketable piece of property, now they can get their property sold and at the best price,” said Don Cline of Prudential Network Realty.
Cline says the demand at the Beaches is so hot right now, they’re basically begging for listings.
"This time last year we had 32 percent more properties available for buyers to choose from,” he said.
According to the Commerce Department, Americans bought new homes last month at the fastest pace in more than two and a half years. In addition, according to a survey by the National Association of Home Builders, builder confidence rose this month to its highest level in six and a half years.
Many say these are signs of a housing-market recovery.
To Morgan, it’s a sign indicating that she should probably raise the price.