Listings Fetched Nearly 3 Offers Each in May
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.
