Bidding Wars Heat Up in Boston
Apr 14, 2021 | Reprints | Print
A new report from Redfin suggests bidding wars increased in frequency in Greater Boston as the spring market heated up last month.
Nearly 3 in every 4 offers (73.6 percent) made by a buyer’s agent for the discount brokerage in the five-county metro area faced competition from other buyers, the brokerage said. That’s up from a mere 65.5 percent in February.
Nationally, those figures are 64 percent and 62.1 percent, respectively, making March the 11th consecutive month in which more than half of Redfin offers encountered bidding wars, and the second in a row where that figure exceeded 60 percent.