Sandy Straley
Rindlesbach Homes

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Homebuying Competition is Easing

  Homebuyer Competition Is Easing   It's no secret that buyer demand has been extremely high ever since the Federal Reserve substantially reduced interest rates during the pandemic. In fact, the median value of a home grew by more than 17% in 2021, which was the result of exceedingly high demand and a relatively low housing supply. When the market conditions heavily favor the seller, it's common for intense bidding wars to take place and home prices to be driven up as a result. While buyer competition is still high, there are signs that competition is easing. Fewer OffersAccording to a recent report by the National Association of Realtors, the average number of offers made on…
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Sandy Straley

Rindlesbach Homes
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