Looks like the intense competition for homes will be continuing again in 2023!
A recent listing in Gates for $144,900 had over 117 showings in 6 days and over 10 offers exceeding $200,000. Another point on this property was it was dated. It's a great market for sellers and a frustrating market for buyers.
There is nothing on the horizon to indicate a change in the inventory in the future.
Escalation Addendums to the purchase offers have become the norm.
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