fbpx

The Most Competitive Market on Record

The Big Shift

Share:

10 | Range Homes

2022 begins with bidding wars.

In January, 70% of homes are now receiving more than one offer while under contract —  the minimum requirement to qualify as a “bidding war” — according to Redfin’s data on its agents’ transactions. That’s the highest level ever recorded.

In hyper-competitive markets with a stock of highly unique properties, like, say, San Francisco, bidding wars have never been all that rare. But the news here is that bidding wars are becoming commonplace everywhere.

The cities with the highest rates of bidding wars right now are Spokane, Seattle, and Sacramento. With record low inventory and rising (but still historically low) interest rates, the entire market is hyper-competitive.

Source: The Real Deal

Buy & Sell Your Next Property with Range Homes

BUY

Buy your next home in the East Bay area with Range Homes
Trust Range Homes to Sell your East Bay home
Check out Range Home’s current East Bay homes for sale
You are in safe hands

When you work with us, consider yourself family

Get in touch today

Mark Pages-Oliver, MBA – DRE:02020349 | Lisa Caldwell – DRE:01267745 | Range Homes – DRE:02111757

Mark Pages-Oliver, MBA – DRE:02020349

Lisa Caldwell – DRE:01267745

Range Homes – DRE:02111757

Copyright 2021 © Range Homes. All Rights Reserved | Privacy Policy

Copyright 2021 © Range Homes.

All Rights Reserved | Privacy Policy

Site by Soto

Request a Callback

Request Training

Event Registration

Can't find what you are looking for?

We are always keen to explore adding new and different events to our community pages. So if you can’t find what you are looking for, let us know today and we will get on to it right away!

Become a Listed Provider

Can't find what you need?

We are always keen to explore adding new and different providers to our website. So if you can’t find what you are looking for, let us know today and we will get on to it right away!

Give us some Feedback

Please enter your email, so we can follow up with you.
Selected Value: 0