{"id":2063,"date":"2018-02-01T11:00:55","date_gmt":"2018-02-01T11:00:55","guid":{"rendered":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/"},"modified":"2018-02-01T11:00:55","modified_gmt":"2018-02-01T11:00:55","slug":"bidding-wars-abound-how-long-will-they-continue","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/","title":{"rendered":"Bidding Wars Abound\u2026 How Long Will They Continue?"},"content":{"rendered":"
\n

\"Bidding<\/p>\n

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase.<\/span><\/p>\n

In many areas of the country, the supply of homes for sale<\/a> in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner.<\/p>\n

CoreLogic<\/em> recently conducted an analysis<\/a> on national home prices at the time of sale for their January 2018 MarketPulse Report<\/em> and found that a third of homes sold for at least list price.<\/p>\n

\n

\u201cThe share selling above list price was almost three times the trough in January 2008 and represented more than one-fifth of total sales.\u201d<\/em><\/p>\n<\/blockquote>\n

Many markets in the western part of the country and around major cities are experiencing higher shares of homes selling above list price.<\/p>\n

\n

\u201cSan Francisco had the largest share of homes\u201476 percent\u2014that sold for at least the list price, and Seattle and Los Angeles followed with 63 and 51 percent, respectively. Miami had the lowest share\u201416 percent\u2014of homes selling at or above the list price.\u201d<\/em><\/p>\n<\/blockquote>\n

Increased demand during the spring and summer months, the traditionally busier seasons for real estate, will no doubt influence how many homes continue to sell over list price.<\/p>\n

This should not be seen by sellers as permission to overprice their homes, though. Buyers are becoming more and more educated, especially those who have been searching for their dream homes for a while now while waiting for new inventory to come to market.<\/p>\n

Realtor.com\u00a0<\/em>gives this advice:<\/p>\n

\n

\u201cAim to price your property at or just slightly below the going rate. Today\u2019s buyers are highly informed, so if they sense they\u2019re getting a deal, they\u2019re likely to bid up a property that\u2019s slightly underpriced, especially in areas with low inventory.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

Without a large wave of new listings coming to market, buyers will continue competing with each other for the homes that are available. If you are thinking of selling your home, now may be the time to do so before more competition comes this spring. Let\u2019s get together to determine the demand for your house in our area.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,101,108],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nBidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-01T11:00:55+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/01\/30150809\/20180207-Share-STM.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\"},\"author\":{\"name\":\"\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\"},\"headline\":\"Bidding Wars Abound\u2026 How Long Will They Continue?\",\"datePublished\":\"2018-02-01T11:00:55+00:00\",\"dateModified\":\"2018-02-01T11:00:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\"},\"wordCount\":380,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"articleSection\":[\"For Buyers\",\"For Sellers\",\"Move-Up Buyers\",\"Pricing\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\",\"url\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\",\"name\":\"Bidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/#website\"},\"datePublished\":\"2018-02-01T11:00:55+00:00\",\"dateModified\":\"2018-02-01T11:00:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thezakariagroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bidding Wars Abound\u2026 How Long Will They Continue?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thezakariagroup.com\/#website\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"name\":\"The Zakaria Group\",\"description\":\"The Zakaria Group\",\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"alternateName\":\"TZG, MLS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thezakariagroup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thezakariagroup.com\/#organization\",\"name\":\"The Zakaria Group\",\"alternateName\":\"TZG\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"contentUrl\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"width\":400,\"height\":173,\"caption\":\"The Zakaria Group\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thezakariagroup\/\",\"https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw\",\"https:\/\/www.instagram.com\/thezakariagroup\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\",\"name\":\"\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\"},\"url\":\"https:\/\/thezakariagroup.com\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/","og_locale":"en_US","og_type":"article","og_title":"Bidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group","og_description":"Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have […]","og_url":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/","og_site_name":"The Zakaria Group","article_publisher":"https:\/\/www.facebook.com\/thezakariagroup\/","article_published_time":"2018-02-01T11:00:55+00:00","og_image":[{"url":"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/01\/30150809\/20180207-Share-STM.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#article","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/"},"author":{"name":"","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d"},"headline":"Bidding Wars Abound\u2026 How Long Will They Continue?","datePublished":"2018-02-01T11:00:55+00:00","dateModified":"2018-02-01T11:00:55+00:00","mainEntityOfPage":{"@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/"},"wordCount":380,"publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"articleSection":["For Buyers","For Sellers","Move-Up Buyers","Pricing"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/","url":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/","name":"Bidding Wars Abound\u2026 How Long Will They Continue? - The Zakaria Group","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/#website"},"datePublished":"2018-02-01T11:00:55+00:00","dateModified":"2018-02-01T11:00:55+00:00","breadcrumb":{"@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thezakariagroup.com\/bidding-wars-abound-how-long-will-they-continue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thezakariagroup.com\/"},{"@type":"ListItem","position":2,"name":"Bidding Wars Abound\u2026 How Long Will They Continue?"}]},{"@type":"WebSite","@id":"https:\/\/thezakariagroup.com\/#website","url":"https:\/\/thezakariagroup.com\/","name":"The Zakaria Group","description":"The Zakaria Group","publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"alternateName":"TZG, MLS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thezakariagroup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/thezakariagroup.com\/#organization","name":"The Zakaria Group","alternateName":"TZG","url":"https:\/\/thezakariagroup.com\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/","url":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","contentUrl":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","width":400,"height":173,"caption":"The Zakaria Group"},"image":{"@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thezakariagroup\/","https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw","https:\/\/www.instagram.com\/thezakariagroup\/"]},{"@type":"Person","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d","name":"","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g"},"url":"https:\/\/thezakariagroup.com\/author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2063"}],"collection":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/users\/101010"}],"replies":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/comments?post=2063"}],"version-history":[{"count":0,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2063\/revisions"}],"wp:attachment":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/media?parent=2063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/categories?post=2063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/tags?post=2063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}