Sellers Still Benefiting From Bidding Wars

When you sell your home, you want to sell it for as much money as possible—potentially for even more than you’re asking for it.

And in today’s market, that’s the reality for nearly half of sellers.

According to the most recent REALTORS® Confidence Survey from the National Association of REALTORS®, in December 2021, when a home sold there were, on average, nearly 4 offers (3.8)—and 44 percent of those bid offers were above list price. Homes also flew off the market; on average, in December, homes were on the market for 19 days before selling—down from 21 percent the previous year.

Many buyers were also willing to waive contingencies to make their offers more competitive. According to the report, 21 percent of buyers waived the appraisal contingency, while 19 percent waived the inspection contingency.



The Takeaway:

In today’s marketing, homes are selling quickly and profitable—so if you’ve been thinking about selling your home, now is a great time to make a move.