{"id":18876,"date":"2021-05-18T12:07:37","date_gmt":"2021-05-18T12:07:37","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18876"},"modified":"2021-05-18T12:07:37","modified_gmt":"2021-05-18T12:07:37","slug":"half-of-homes-sell-above-list-price","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/half-of-homes-sell-above-list-price\/","title":{"rendered":"Half of Homes Sell Above List Price"},"content":{"rendered":"

Half of Homes Sell Above List Price<\/h1>\n
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Home buyers are facing relentless competition in the housing market, driven by low mortgage rates and inventory. According to the latest REALTORS\u00ae Confidence Index, based on real estate transactions nationwide in March, practitioners report an average of five offers on their most recent listing.<\/p>\n

In a separate report by Redfin published in April, 72% of the brokerage\u2019s agents faced competition when submitting an offer for their clients\u2014up from 66.7% in March. \u201cBidding wars are intensifying,\u201d says Kristin Lopez, a Redfin real estate pro in Boise, Idaho. \u201cIn March, we were seeing three or four offers on a home. Now, we\u2019re sometimes seeing more than 20.\u201d<\/p>\n

Earlier this spring, a home in Dallas drew 97 offers<\/a>. \u201cThe list price is the starting point,\u201d Mark Wolfe, broker-owner of RE\/MAX DFW Associates, told the Dallas Business Journal<\/em> about the competition. Bidding wars have grown so common that nearly half of homes on the market are being sold for more than their list price, according to Redfin.<\/p>\n

What\u2019s more, bidding wars are the most common reason house hunters who have been searching for at least three months haven\u2019t been able to buy a home. Forty-five percent of longtime house hunters say they continue to lose out in bidding wars, which is higher than those who say they can\u2019t find an affordable home (32%), according to a recent analysis from the National Association of Home Builders.<\/p>\n

Buyers are facing some of the steepest competition for housing in Salt Lake City, where 83.5% of offers written by Redfin real estate professionals reportedly faced competition. San Diego and Spokane, Wash., closely followed at 83.3% each, as well as Boise at 81.8% and Phoenix at 80.5%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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REALTORS\u00ae Confidence Index Report<\/a>\u00a0and \u201cAlmost Three-Quarters of Home Offers Written by Redfin Agents Faced Bidding Wars in April<\/a>,\u201d Redfin (May 14, 2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Half of Homes Sell Above List Price Home buyers are facing relentless competition in the housing market, driven by low mortgage rates and inventory. According to the latest REALTORS\u00ae Confidence Index, based on real estate transactions nationwide in March, practitioners report an average of five offers on their most recent listing. In a separate report … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18876","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHalf of Homes Sell Above List Price - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/half-of-homes-sell-above-list-price\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/half-of-homes-sell-above-list-price\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/half-of-homes-sell-above-list-price\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Half of Homes Sell Above List Price\",\"datePublished\":\"2021-05-18T12:07:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/half-of-homes-sell-above-list-price\\\/\"},\"wordCount\":319,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/half-of-homes-sell-above-list-price\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/half-of-homes-sell-above-list-price\\\/\",\"name\":\"Half of Homes Sell Above List Price - 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