Listings Fetched Nearly 3 Offers Each in May

 In Agents, Buying a Home, Education, Market Trends, Marketing, Real Estate 101, real estate news, Selling Your Home

Homebuyers should expect to be in a multiple-offer situation.

In May, during the pandemic, there were about three offers on each home that sold, up from about two offers in April, according to the May 2020 REALTORS® Confidence Index Survey. The report is based on a survey of more than 4,000 REALTORS®, conducted June 1-10, about their monthly transactions.

REALTORS® reported a higher number of buyer offers, client tours, and listings in May as states began to reopen.

Homebuyers should expect to be in a multiple-offer situation.

In May, during the pandemic, there were about three offers on each home that sold, up from about two offers in April, according to the May 2020 REALTORS® Confidence Index Survey. The report is based on a survey of more than 4,000 REALTORS®, conducted June 1-10, about their monthly transactions.

REALTORS® reported a higher number of buyer offers, client tours, and listings in May as states began to reopen.

READ ENTIRE ARTICLE ON Realtor.com

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