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<p>The Coronavirus pandemic and subsequent shutdowns across the country forced many potential buyers to put their home search on hold. But for the buyers that did make a purchase during the height of the pandemic, low inventory made for fierce competition—and as the country reopens and restrictions are lifted, that competition is continuing to heat up.</p>
<p>According to data outlined in <a href="https://www.housingwire.com/articles/42-of-people-who-bought-homes-during-the-pandemic-engaged-in-a-bidding-war/" rel="noopener noreferrer" target="_blank">a recent Housing Wire article</a>, a recent study from Clever found that 42 percent of home buyers between January and May of this year ended up in a bidding war to purchase their home. And according to data outlined in <a href="https://magazine.realtor/daily-news/2020/06/19/bidding-wars-heat-back-up" rel="noopener noreferrer" target="_blank">a recent article from REALTOR Magazine</a>, a full 50 percent of offers faced competition in May.</p>
<blockquote class="takeaway">
<h4>The Takeaway:</h4>
<p>So, what does this mean for you? If you’ve been thinking about selling, now is a great time to make a move; low inventory and renewed buyer interest as coronavirus-related restrictions continue to be lifted can help you fetch top dollar for your home.</p></blockquote>
