Almost a Quarter of Home Sales in 2017 Were Over Asking Price

2017 saw a strong demand for real estate and a limited supply, this combination of factors helped sellers realize large profits for the sale of their homes.  On average home selling in the United States saw $7,000 over listing price.  This means that the typical price increase was 3.1% some areas saw an increase up to 6.8%. Time to sell your Tahoe City Home? Click Here

A younger generation is feeling confident enough in their financial situations to move up from renting into home buying. They are entering a market that over the last three has seen a steady decline in inventory.  Low-interest rates have also aided buyers allowing them to afford more home than they would have normally considered or wanted to pay.

With so little to choose from in the real estate market buyers are now finding themselves in bidding wars to win the house of their dreams, thus causing a price increase.  This is especially true in larger cities around the country as well as resort towns like Tahoe City.  Home buyers in these areas can expect to pay more than asking price (sometimes significantly more) on the purchase of a home.  See what is Available Now!