Homes Have an Average of Five Offers Before Selling

  • Heather Smith
  • 07/5/21

Historically low inventory is creating one of the most competitive buying markets in recent memory—and that competition is driving a higher volume of offers and shorter close times for sellers.

According to the most recent REALTORS® Confidence Index from the National Association of REALTORS®, homes that sold in May 2021 had an average of five offers. And those offers are coming in quickly; according to the index, in May 2021, homes typically sold in 17 days—a significantly shorter time frame than May 2020, when homes sold, on average, in 26 days.

The Takeaway:

So, what does this mean for you? In today’s market, sellers typically have multiple offers to choose from, which means they can demand a higher price for their home—and close the deal fast. So, if you’re looking to sell your home quickly and profitably? Now is a great time to make a move.

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For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing a home. As one of the top real estate professionals in the local market, I'll negotiate the best prices and terms for you and answer all of your questions as they arise.

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