Is the Market Heating Up??? We had a bidding war!!

By
Real Estate Agent with William RAVEIS Realty

I am hoping that as the weather is warming up so is the real estate market! Bob and I listed a house about 2 weeks ago.  It was an immaculate split level house listed for $459,900 in Yorktown Heights, NY.  The minute it came on the market we had multiple showing which led to multiple offers!!!   Is anyone else feeling that the market is heating up???

 

Comments (3)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Not at all in my market.  Sometimes there are multiple offers on foreclosures, but they are all under listing price for  the most part.

Mar 27, 2009 01:40 AM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

What refreshing news.  I can't remember that last time I had multiple offers to deal with.  Good for you.

Mar 27, 2009 02:35 AM
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Diane & Bob - We have had an increase in home sales, but almost 50% of them are foreclosures.  The rest of the homes that are selling are the ones listed for the lowest prices.  Until the foreclosures are gone, people find jobs, and the economy overall recovers, we will not see a stable housing market.  Not sure when this will happen, my crystal ball is not working. 

Mar 27, 2009 10:54 AM