You heard it here first! We are in a seller's market in the Tampa bay area right now! Move in ready properties are selling quickly. In many instances they are receiving multiple bids and are selling for CASH well above what they would ordinarily appraise for compared to the recent sales. I have been personally experiencing cash buyers over bidding on foreclosure properties by as much as 20%, causing the baseline price per square foot to start trending upward. My buyers are going in at full price and coming out in second place or worse. I have also run across this recently on non distressed listings, IE: I showed a buyer a town house priced at $169,900. Comps showed us lucky to get it to appraise for $150,000. We bid $152,000. A cash buyer appeared on the same day and bid full price. Great for the seller! I called on another property this week. It was a higher end condo in the Channelside area. It had been on the market for 3 days. The agent told me she had multiple offers including a full price cash offer for $400K. Wow! I have agents that work for me experiencing the same thing. She has clients that are facing bidding situations at every turn and are unable to get a property under contract yet. Our low inventory is partly contributing to this. Pent up buyer demand is also strong.