Comments on: 50% Of Our Clients’ Offers Were On Homes With Multiple Bids

By: Jeffrey Persons

Jeffrey Persons — Tue, 13 Oct 2009 18:36:18 +0000

Before I got into real estate, I was a stock trader. If this consumer led recession plays out like the others, the current traction the stock market is seeing is signaling a recovery in the economy as a whole 6 months from now with unemployment decreasing 6 months later as it is a lagging indicator.
I think real estate prices in the Boston Area will firm up with the economy and head higher in 2010.

By: Chris Glew

Chris Glew — Tue, 25 Aug 2009 01:40:14 +0000

Michael-
The title was correct. I just fixed the first sentence.

Thanks for catching this error.

By: Michael Pahre

Michael Pahre — Tue, 25 Aug 2009 01:27:01 +0000

Your title and your first sentence do not agree. It is either one or the other.

If half of your clients’ bids went to houses with at least one other offer, then that means that 2/3 of all offers were on homes with multiple bids.

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Example: Your client makes an offer on House A (Offer #1), and another offer on House B (Offer #2). Somebody else makes an offer on House A (Offer #3); nobody else makes an offer on House B.

2/3 of those offers were on a house (House A) that had multiple offers. But 1/2 of your clients’ offers were on a house that had another offer.
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So, which is correct? Your title, or your first sentence?