Minimal Multiples
11/09/2022 |
A year ago, 52% of existing homes for sale received multiple offers. That percentage slowly declined to 47% by 11/21 but then quickly peaked at 72% in 3/22, shortly after the Omicron surge. The percentage of homes receiving multiple offers has since declined for six straight months and is now 21%. With home sales down 30% that means a 79% decline in the number of actual homes receiving multiple offers.