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What in the world is going on in this crazy market?

By
Real Estate Agent with Vista Sotheby's International 01712785
Just when you think the market is calming down and making a bit of sense things get crazy all over again.  I put in two offers this week, both on homes that had been on the market for over 30 days, only to receive multiple counter offers.  On one there had been no offers for 30 days.  The day after we submitted ours, they received 3 other offers.  We countered over asking price....and didn't get it!  After 30 days of no offers.  Seriously?

 

Comments (1)

Tg Glazer - The Right Realtor® for the Right Results!
Coldwell Banker, Westfield, NJ - Cranford, NJ
Westfield/Cranford, NJ area

With low inventory in many markets, and the spectre of rising interest rates, I think there will continue to be much competition for homes that are priced properly.  This includes multiple offers!

Jan 18, 2014 10:39 PM