Depending on who you are, that may be a good or a bad thing, as the bidding wars are back!
This past March, 75% of agents with the broker Redfin said their client's offers were countered.
In late 2011, the agents reported 56%.
According to CNN Money, "The competition has been most intense in California, where 9 out of 10 homes sold in San Francisco, Sacramento and cities in Southern California drew competing bids during the month. And at least two-third of listings in Boston, Washington D.C., Seattle and New York generated bidding wars."
Given the change, it will be difficult for individuals looking to find a home on their own, says many insiders.
"The only question is not whether a new listing will get multiple bids but how many it will get," said Kris Vogt.
He manages 14 Coldwell Banker offices in the Sacramento, California area.
