The number of buyers looking at homes is increasing faster than the number of sellers. What does that mean? Supply levels remain tight, while the demand steadily increases. With limited inventory, the growing number of buyers is creating a highly competitive market.
More and more sellers receive multiple offers on their home. Multiple offers and competition commonly increase the final sales price of the home. Noel Crider recently stated, "Remember the 'roaring '90s?'... Multiple offers were the norm and offered sellers a generous selection of offers to choose. Believe it or not, we are experiencing a trend toward multiple offers...and there is evidence that this trend will continue as buyers compete in a market with limited inventory."
Many buyers
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