Large inventory of properties for sale. Good or bad?

Vulcan has a large inventory of properties for sale right now. Actually, it's been like this for quite some time. Is this a good thing, or a bad thing? Well the coffee shop talk will tell you that it's horrible and that the sky is falling. Personally, I do not like the high amount of inventory. There needs to be more of a balance of supply and demand. Some markets are getting closer to a balance, but others, such as Vulcan and other areas of southern Alberta, there balance is not there yet. As a seller, it makes it tough. You really have to have an attractive price and even better looking curb appeal to get people to look closer at your property. There ARE buyers out there, but there is no competition between buyers. The properties that are moving are the bargains. For example, the lower end properties (under $150,000) have been picked over in town. The "good ones" are being picked up, leaving "rougher" type properties sitting idol on the market. Higher end properties do not have as many buyers looking at them, and these buyers do not seem to be much in a rush to buy. Really it's the sellers that are competing, not the buyers. As a result, this advantageous if you are the buyer. A good selection of properties are available and the prices are not as high as they have been. These along with low interest rates certainly favour the buyer. If you have been sitting on the fence about buying real estate, perhaps now would be a good time to take some action. I can see what happened with sellers a few years ago happening to buyers in a year or two - "We should have bought (or sold in the case of the sellers) when the market was favourable to do so. We would have saved (or made as a seller) thousands!"