We are seeing this firsthand with a couple properties we ended up selling and the word from all of our active real estate investors. Right now there is a bidding war going on.
More Than Half of Redfin Offers Faced Bidding Wars for Second Consecutive Month in June
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.