Inventory seems to sell pretty fast.

With all that being said when the market is soft or there is lots of inventory I’ve noticed tax sale properties (including the adjudicated you buy off of civic source) will typically sell for about 10-20% less than market value.  

- Where are the areas with the tightest inventory?

Even more challenging is ignoring that inventory of 20,000 homes on the market and sourcing off-market deals.It's true that with a good deal, money will follow.

As people move to these area I see some investors buying condemned housing inventory and bringing it back to the market. 

There is little single-family inventory and anything typically considered a BRRR is usually torn down and redeveloped to maximize "highest and best use". 

build don't' buy. 43203, 43205, 43206, 43207, 43223, 43222. new construction is selling at a premium by 30% to existing inventory, land is in better locations. infill lots for single family or 3 family is what we do I have a million posts in the marketplace about it. most of those are adjacent downtown zip codes in columbus where there is existing inventory. 

Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

Housing inventory in Austin rose to 6.2 months, which is up by 2.7 months from May last year.

-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.