Real Estate inventory is at an extreme low, which is abnormal for the season to say the least. The lack of properties has created many opportunities for bidding wars along with driving up home prices. January saw a 9 percent likelihood of running into a bidding war, compared to May which has seen 41 percent. This unexpected time has buyers and sellers alike pulling away from the market completely, which is further supporting the bidding wars. The home prices are expected to hold through the summer before a drop predicted for November.