Despite the ongoing pandemic, or perhaps in part because of it, housing markets across the country continue to be competitive for potential buyers, and the Washington, D.C. market is one of the most competitive.
Real estate firm Redfin reports 62% of its clients’ offers in the Washington area in July faced competing bids, ranking the D.C. area fourth for buyer competition, behind Salt Lake City, San Francisco and San Diego.
Single-family homes are more likely to draw multiple offers than town homes or condos, Redfin said.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
