REALTORS® Indicate Bidding Wars Haven’t Ended

Home buyers shouldn’t assume bidding wars are a thing of the past. In August, there was an average of three offers for every home sold, according to the 2019 REALTORS® Confidence Index Survey. That figure has stayed mostly consistent since October 2015, when the National Association of REALTORS® started tracking such data.
Competition tends to be highest during April and May, NAR notes. But low mortgage rates are propelling a strong fall homebuying season, even as fears of a slowing economy mount. REALTORS® report an increase in buyer traffic nationwide, excluding North Dakota and Illinois, the survey shows. REALTORS® in Idaho, Wyoming, and Wisconsin report the strongest buyer activity.
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