We will discuss the 3 major factors in determining the strength of the market.InventoryPercentage of Homes That Go Pending In First 30 DaysInterest RatesThe data tells a story about the current state of our local residential real estate market.What this story tells me is…We desperately need more listings in Snohomish County.We saw the average sales price increase while inventory remains in a severe shortage and homes continue to sell in the first 30 days 83% of the time.The number of homes for sale dropped to 601 which is the lowest total in over 15 years and 820 less listings than last year at this time.

@Rachel De Villava - if you don’t intend to move back to New Jersey anytime, I recommend you consider selling while prices are relatively high because inventory is low.

Sounds like you have a very good plan but the inventory for Duplexes are pretty low, and the prices are on the high side for all of them that i see hitting the market in Raleigh. 

@Joe Homs, how to get a deal there considering low inventory?

Do a trullia search for the property to check schools, desirability and crime rate. also, do an inventory (see how old they are) of hvac, water heater, roof.

Since timing is very tight with the 1031 rules, I need to find something quickly, not easy to do in today's hot market with the low inventory.

Surprised this hasnt been mentioned yet (or i missed it)One of the main reasons is inventory and volume of sales. 

Option B: If you have absolutely no money to pay for marketingThe easiest way to get a deal with no money is to simply build your buyers list using the strategy I just mentioned above, and then reach out to other wholesalers in your market and ask them if they need any help moving some of their inventory. 90% of wholesalers who are focused on acquisitions (getting the deal) drop the ball when it comes to dispositions (selling the deal).

You have done what several "wannabe" investors don't do.Yes, the small multi-family (duplex, triplex, fourplex) space is quite competitive right now due to low inventory and low-interest rates.I currently have a fourplex for my investor client under contract in the Fifth Ward and the number looks great.The U of H area is experiencing a lot of growth and investors have realized this, hence the competition.Let's connect and see how I can help.Goodluck.

There is normally no seasonal inventory in December/January anyways and with this COVID demand we're 50% below normal, so I'm not surprised by those numbers at all.