Buyer competition was unseasonably hot in January. Many house hunters continued to face bidding wars as housing inventories dropped to all-time lows.
The National Association of REALTORS® reported the fewest number of homes for sale on record in January. Nearly 80% of homes on the market sold in under a month.
Continue… https://magazine.realtor/daily-news/2022/02/24/bidding-wars-see-january-jump