RealtorMag
High demand for homes for sale mixed with low inventories is prompting bidding wars. Thirty-seven percent of properties that closed in March sold at or above the list price, according to the March 2018 REALTORS® Confidence Index Survey. That’s higher than a year ago, when 35 percent of properties sold at or above the list price.
“Buyer demand continues to outpace the supply of homes being listed for sale in the market, sustaining the upward pressure on home prices,” the National Association of REALTORS® reports on its Economists’ Outlook blog.
