Bidding Wars Are On The Rise

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.

According to data outlined in a recent Housing Wire article, 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 recent article from REALTOR Magazine, a full 50 percent of offers faced competition in May.

The Takeaway:

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.

The Ultimate Home Seller's Guide
What you can expect, from start to finish!

By DCD Property Group
Your Personal Real Estate Consultant For Life

How to sell your house for the highest amount of money...

The Ultimate Home Seller's Guide
What you can expect, from start to finish!

By DCD Property Group
Your Personal Real Estate Consultant For Life

… and as quickly as possible, with the least amount of disruption in your life. That’s what you’ll learn in this free guide: The Ultimate Home Seller's Guide

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