Two-Thirds of California Homes For Sale Receiving Multiple Offers

Market News

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

Bay Area Homes Receiving Multiple Offers

Green Escrow | Real Estate News

The news remans good for home sellers int eBay Area: low inventory has kept the competition fierce with 60 percent of homes selling over the asking price.

Contra Costa County homes are receiving an average of three offers. Alameda County homes are receiving two offers on average.

Staging a home tends to increase buyer demand and may mean at least one more offer than homes that are not staged.