Straight Talk About Real Estate

Yes, we are still seeing multiple offers.

There is a lack of inventory of decently-priced homes on the market and buyers are waiting to make offers within reason. Houses that sit on the market most likely belong to greedy sellers, who thinks they can sell their home 20% above the last one sold in their neighborhood. They need to come back to earth; this kind of overnight appreciation is not happening anymore.

The way to price a home now is to see what the last home in your neighborhood sold for. The price tag on your home should be in the range of the same price to 5% higher, depending on condtions and amenities. There are always exceptions to this guideline of course, but this will get you a this would put your home at a decent price that will draw multiple offers.