The following 9:26-minute video from WGBH News, from March 2013, discusses the lack of inventory in the Greater Boston real estate market and the situation facing Boston area home buyers.
A month later and the inventory situation hasn't changed much, with properties moving fast and bidding wars commonplace.
Once thing is for sure, home buyers need to be prepared to act. Having their mortgage pre-approval in hand and knowing what they want is a must in this fast-moving real estate market.