Who's Got the Winning Bid? Buyers Compete for ListingsBy Liz Dominguez
Editor's Note: This was originally published on RISMedia's blog, Housecall. See what else is cookin' now at blog.rismedia.com:
"Multiple-offer scenarios are no longer reserved to the usual big, fast-moving markets," Director of Economic Research for realtor.com Javier Vivas said in a statement. "Demand for homes has spilled outward into secondary, smaller markets, and more buyers are gearing up to face fierce competition in more places around the country." Here are the top 10 cities that saw the biggest percentage increases of homes sold over asking: 1. Akron, Ohio Median home list price: $150,000 Share of homes selling above list price: 20.6 percent Increase in share of homes selling over list price: 91.7 percent 2. Worcester, Mass. Median home list price: $286,400 Share of homes selling above list price: 41.5 percent Increase in share of homes selling over list price: 88.1 percent 3. Lexington, Ky. Median home list price: $287,200 Share of homes selling above list price: 22.7 percent Increase in share of homes selling over list price: 86.4 percent 4. Irvine, Calif. Median home list price: $950,000 Share of homes selling above list price: 30.3 percent Increase in share of homes selling over list price: 85.5 percent 5. Greensboro, N.C. Median home list price: $201,700 Share of homes selling above list price: 29 percent Increase in share of homes selling over list price: 81 percent 6. Sioux Falls, S.D. Median home list price: $240,000 Share of homes selling above list price: 32.8 percent Increase in the share of home selling over list price: 74.2 percent 7. Madison, Wis. Median home list price: $317,000 Share of homes selling above list price: 40.9 percent Increase in the share of homes selling over list price: 73.4 percent 8. Louisville, Ky. Median home list price: $242,000 Share of homes selling above list price: 26.1 percent Increase in the share of homes selling over list price: 69.9 percent 9. Tacoma, Wash. Median home list price: $290,000 Share of homes selling above list price: 56.5 percent Increase in the share of homes selling over list price: 68.4 percent 10. Little Rock, Ark. Median home list price: $176,100 Share of homes selling above list price: 13.5 percent Increase in share of homes selling over list price: 67.5 percent Read the whole report here. |
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