The three (3) most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and, most recently, year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher prices generally indicate a higher level of demand leading to competitive bidding. Markets are poised for increased supply, so there is hope that more sellers will take advantage of what appears to be a ready and willing buyer base.