30% Of Offers Are On Homes With Multiple Bids

The Seattle real estate market keeps getting more competitive: in June, almost a third of the homes our clients bid on had multiple offers. Our Seattle-area agents presented 119 offers to listing agents and 36 of those, or 30%, were on homes with multiple offers, up from 25% in May.

We’re seeing a lot of listings with multiple offers in Northeast Seattle, especially in the $475,000 – $550,000 price range. “Right now, it seems like everybody is looking at half-million dollar homes in Ravenna, Wedgwood, Bryant and Maple Leaf but there are so few quality homes for sale for sale in that price range and the inventory is low,” says Febe Cude, one of our all-star agents in Seattle. “These buyers have seen pretty much everything that’s for sale, so when a nice home comes on the market with a competitive price, it’s getting a lot of attention.”

For Febe, the key to bidding on a home with multiple offers is to start strong. “If you want the home, show the sellers you’re serious with your initial offer: price, timelines, and financing work together to make a great offer,” advises Febe.

Febe recently helped a client buy a home with multiple bids in Wedgwood. “We came in over list price and didn’t ask for the seller to cover closing costs and my client got the home they wanted,” says Febe.

Where are you seeing homes for sale with multiple listings?