Limited inventory and a very strong demand for metro Boston housing has created an environment where bidding wars are commonplace.
In the recent past there was no incentive for prospective homebuyers to adjust their offers for 3 reasons:
Residential real estate inventory for sale is at a near record low level in our local metro Boston market. What does that mean for Boston area home buyers? Because there aren't enough desirable properties to go around, housing prices are pushing upward
Only real estate professionals who are members of NATIONAL ASSOCIATION OF REALTORS® may call themselves REALTORS®. All REALTORS® must subscribe to NAR’s strict code of ethics, which is based on honesty, professionalism and the protection of the public.
