...Redfin Agent Kristi Miller of Seattle. "But bidding wars are starting to slow for mid- and higher-priced homes." Click here to view more of Redfin’s new analysis on bidding wars....
Read More »Search Results for: bidding wars
Homebuying Demand Slips Below 2020 Levels
...mid-March. However, with home prices still at record highs, homes continue to spend less time on the market, as fierce bidding wars continue to drive prices above their listing price....
Read More »Economist on Housing Unaffordability: Likely to Worsen Before Improving
...2018, he said. "Furthermore, homes typically remained on the market for 17 days in April, a record low. Multiple-offer bidding wars are common across the full spectrum of home prices."...
Read More »A ‘Clear Slowdown’ for Fast Housing Market
...This measure is 3.7 percentage points higher than a year earlier and an all-time high. "While some buyers will find reprieve in less intense bidding wars this summer," concludes Marr,...
Read More »More Than Half of Homes Selling Above Their List Price
...pandemic a year earlier. In the month of May, Redfin agents reported that bidding wars were still being waged nationwide, as 70.4% of their homes offered faced competition, down from...
Read More »Bidding Wars Linger as Housing Market Decelerates
...with bidding-war rates of 81.5% and 79.3%, respectively. "Competition is still high, but the good news is buyers are having to make fewer offers to win bidding wars," said John...
Read More »Pending Home Sales Losing Momentum
...said Westchester County, New York Redfin Real Estate Agent Candice Smith. "Buyers are winning bidding wars with offers that are $60,000 or less over asking prices; just a month ago...
Read More »Fierce Bidding Wars Drive Home Prices Upward
In May, U.S. median home prices continued a trend of double-digit appreciation, reaching a new an all-time high of $380,000 according to Realtor.com, up 15.2% year-over-year. But in a good...
Read More »The Best Markets For Residential Property Investors
...Tessar, President, Civic Financial Services. With home prices rising to incredible heights, all-cash offers on houses are winning bidding wars, says Realtor.com, and cash buyers are typically real estate investors...
Read More »Southern Surge Leads Record Home Sales Forecast
...unprecedented bidding wars. “Offering above a seller’s asking price was never the norm in Atlanta like it was on the West Coast, but now it is. Today, it’s typical for...
Read More »