The current real estate market is a very aggressive Seller’s Market, unlike anything in recent years. 2008 was the last time there was an extreme market. That time period was extreme in a different way and for different reasons.
In this current market, most Sellers can put their house on the market, have immediate responses from Buyers, often with bidding wars, and have no problem selling, if their house is initially priced effectively.
The bidding wars happen because the supply of available houses does not meet the demand for houses.
So if you are a Seller and need the money from your current home to buy your next home, be sure you have a backup plan so you do not end up homeless.
We recommend you talk with professionals, like us, who can help you explore all your options.