Bay Area home bidding wars – a thing of the past?

Bay Area home bidding wars – a thing of the past?

4 years ago
Anonymous $yQ5BfQaAxy

https://www.mercurynews.com/2020/01/23/bay-area-home-bidding-wars-a-thing-of-the-past/

Bidding wars for Bay Area homes have scraped new lows, as buyer fatigue with high prices and stressful deals saturates most of the region.

About 1 in 7 San Jose homes faced competition in December, down from 1 in 5 the previous year, according to a study from Redfin. Roughly 1 in 6 homes in lower-priced Oakland drew a bidding match, slightly higher than the prior year.