46% Of Offers Are On Homes With Multiple Bids

The Boston real estate market keeps getting more competitive: in June, almost half of the homes our clients bid on had multiple offers. Our Boston agents presented 68 offers to listing agents and 31 of those, or 46%, were on homes with at least one other offer, up from 43% in May.

“With not a lot of good homes for sale right now, many buyers have seen everything that’s on the market and they’re dialed-in to what’s available,” says Sean Valiton, one of our all-star agents in Boston. “When a nice home with a good price comes on the market, informed buyers are pouncing.”

Recently, one of Sean’s clients lost out on two homes in Belmont, before closing on one. In each case, there were at least four competitive offers soon after the home came on the market. Sean made sure his client kept a steady a head and didn’t get wrapped up in the emotion of multiple bids. In the end, his client got the home he wanted at a good price.

Where are you seeing listings with multiple offers?