The Motria Group's Market Blog: The bidding on homes is becoming exhausting
Tuesday Mar 28th, 2017Share
The bidding on homes is becoming exhausting... Any home that is in a more reasonable price range, under $2-2.5 million and priced reasonably can get epic bidding. This means hundreds and hundreds of thousands of dollars over asking. I tell buyers - forget last year’s stats because they just don't apply. This is terribly difficult for buyers. Everyone has a limit and a budget. The boundaries are being pushed to the limits. Even if the market doesn't drop dramatically it would be a lot easier if it at least leveled a bit. Still waiting for more product.