Nobody is giving them away!
I think we can agree that list prices today are at or above the all-time highs, yet with demand overwhelming the few listings that are trickling out, buyers are forced to consider going even higher. It’s working too:
We usually get some anxious buyers who pay closer to the list price in Jan-Feb, but the average has stayed under 100% in recent years.
With January already pushing 101%, it’s going to get crazier – and this is the Over-$815,000 market!
If you’re the type of buyer that refuses to get into a bidding war, you might have to sit this one out.
I promise to feed the squirrels.
I’ll leave it to JtR to explain. 😉