Two-Thirds of California Homes For Sale Receiving Multiple Offers

The National Association of Realtors’ latest Pending Home Sales Index for September reports as home sales in California continue to drop, two-thirds of those home that are on the market are receiving multiple offers.

Home that sold over the asking price averaged an increase of 13 percent, up from 8 percent in 2016.

Pending home sales in the Bay Area declined by 10.8 percent, the 12th consecutive month of year-over-year decline

Leave a Comment