Real Estate
‘Perfect Storm’ Sparks Bidding Wars As Bay Area Housing Market Heats Up 1 Year Into Pandemic
Homes in 2020 spent an average of 16 days on the market, it was just 12 in October, compared to sitting an average 42 days in 2019.
EAST BAY (KPIX 5) – In the Bay Area’s housing market, bidding wars are back with a vengeance. Despite a global pandemic, 2020 is expected to outpace 2019 when it comes to the number of homes sold.
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“I’m very surprised by the numbers we’re seeing,” Michael Delehanty, a Real Estate Agent for Compass said.
Delehanty has been a realtor for 16 years, he says he’s having daily conversations with clients about overbidding.
Find out what's happening in Alamedafor free with the latest updates from Patch.
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