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Beware: Burnout is real, and it could be coming for you. Spring is a busy real estate season during any year, but this year’s housing markets are absolutely on
fire
. We’re seeing wild-west conditions as homebuyers face the most competitive market in decades, thanks to pent-up demand and low inventory.
We’re talking about bidding wars with 20 to 30 offers. Pushy preemptive, all-cash, non-contingent bids. Homes selling gun-slinger-fast within 20 days on average and 10 days in the hottest regions.
That means real estate agents are working around the clock to write offer after offer for would-be buyers while also trying to soothe their jangled nerves. Some frustrated buyers are even firing their agents, flipping to another agent who might magically get them into contract.