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Flowers from Marley: First responders reunite with toddler they saved in 2018
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Report: Almost 80% of Seattle area home offers face a bidding war - Puget Sound Business Journal
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Inman Connect
With inventory at an all-time low, it’s getting harder and harder to secure a house without a bidding war.
According to the latest data from real estate brokerage Redfin, 72 percent of offers made by its agents resulted in a bidding war (defined as a home sale in which there was at least one other competitive offer) in the month of April. Those numbers are up from 66.7 percent in March and 44.9 percent in April 2020.
The reasons for such an ultra-competitive market have been years in the making a combination of low mortgage rates, low inventory and pent-up demand amid the coronavirus outbreak have all come together to create a situation in which there are many interested buyers for almost every home on the market.