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15% of Homebuyers Paid Over Asking! Is Market Competition Heating Up? 🏡🔥

J.D. Peck 21 views February 25, 2025 1:03 am

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Are bidding wars making a comeback? 15% of homebuyers paid above listing price in recent transactions, signaling increased competition in certain areas!

📊 Market Breakdown:
✅ Median home price: $396,900 (down slightly from November but up 4.8% YoY)
🏡 First-time buyers: 28% of all homebuyers
💰 Cash buyers: 29% of purchases

🏢 Investors: 17% of transactions

With buyers stepping back in, competition is rising. If you’re looking to buy, now is the time to plan your strategy before the market heats up even more! Let’s talk about your options. 📲

📧jdpeckteam@prmg.net
📧amadril@prmg.net

#HousingMarket #HomePrices #BiddingWars #OverAsking #RealEstateTrends #HomeBuying #FirstTimeBuyer #CashBuyers #MarketUpdate #MortgageTips #JDMortgage #PRMGInc #AndresMortgage @andresmadril @PRMGCorp