As we start the new year and with it a reset on all the important housing data that’s collected, studied and analyzed, Redfin recently out out their list of the most competitive neighborhoods for home buyers in 2017. They cite extreme competition which caused homes to fly off the market and kept inventory low and prices high, all across the country. In addition, they report that homes found buyers after a median 45 days on market – which is 6 days less than in 2016.
“The 2017 housing market was the most competitive we have seen since 2013, when 65 percent of offers written by Redfin agents faced bidding wars. This year, just over half of all offers written by Redfin agents encountered competition, up from 49 percent last year…”
