Fox Business News reported this month:
The competition to snag your home now looks to ease,
"with August seeing the fewest competing offers so far this year. About 58.8% of the home offers by Redfin agents faced competition, a new low for 2021, according to the technology-powered real estate brokerage. This is a decrease from the revised bidding-war rate of 62.1% a month prior and it's well below the "peak of 74.3% in April,"
according to Redfin.
Here's the Original Article: https://www.redfin.com/news/real-estate-bidding-wars-august-2021/
The August rate is also lower than the bidding-war rate of 59.4% reported a year ago. "While sellers continue to have the upper hand, buying a home has become slightly easier this summer as the country's acute shortage of homes for sale is no longer intensifying and the market has undergone its typical seasonal slowdown," Redfin said. Although sellers are still pricing their homes "very high," not all buyers are biting.
--- Let's guide you in your search, and when to take a BITE this fall. -Pat O.
Write something about yourself. No need to be fancy, just an overview.