If you need assistance, please call 480-365-8346

Here's how many offers a typical homebuyer made in 2021

Tuesday, November 9, 2021   /   by Juan Grimaldo

Here's how many offers a typical homebuyer made in 2021

The hot housing market fueled by Covid-19 has featured tales of dozens of offers and waived inspections — but a new report reveals that was not the typical homebuying experience.

The typical buyer nationwide in 2021 made just two offers before one was accepted — and about 88% of buyers had an inspection done before they closed on their home, according to new research from Zillow. The new research comes after a year in which some homes got more than a hundred offers — and some sold for hundreds of thousands of dollars over asking price — as large pools of buyers lined up to compete over historically low inventory.

But that doesn’t mean buying a home wasn’t harder in 2021. Before 2021, homebuyers just had to submit a median of one offer. The share of first-time homebuyers also dropped to 37% in 2021, down from 43% in 2020.

To continue reading, click here.

By Andy Medici, Senior Reporter, The Playbook.

The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 22, 2024
This site powered by CINC: www.cincpro.com