The top 10 cities where homes are selling for well over the asking price - some up to $200K
Briefly

from New York Post5 days ago
In Santa Clara, CA, a house where a murder occurred sold for $2.1 million, highlighting the extreme effects of the housing shortage in America.
New York Posthttps://nypost.com/2024/09/15/real-estate/the-top-10-cities-where-homes-are-selling-for-well-over-the-asking-price/
Realtor.com analyst Hannah Jones noted that in May 2022, homes sold for an average of 3.1% over asking price, illustrating the intense bidding wars during the pandemic.
New York Posthttps://nypost.com/2024/09/15/real-estate/the-top-10-cities-where-homes-are-selling-for-well-over-the-asking-price/
Despite a current sluggish market, certain areas like Santa Clara still see competitive bidding, demonstrating pockets of robust demand even in a high-rate environment.
New York Posthttps://nypost.com/2024/09/15/real-estate/the-top-10-cities-where-homes-are-selling-for-well-over-the-asking-price/
Jones indicated that the typical U.S. home has sold for less than asking since August 2022, with a notable drop in bidding wars as conditions shifted.
New York Posthttps://nypost.com/2024/09/15/real-estate/the-top-10-cities-where-homes-are-selling-for-well-over-the-asking-price/
Read at New York Post
#real-estate #housing-market #santa-clara #bidding-wars #price-trends
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