Housing bidding wars end report
A new report indicates that the era of bidding wars in the U.S. housing market is ending, with homes now selling more accurately when priced correctly. Sellers who overprice properties face longer market times and reduced sale prices, while well-priced homes tend to sell faster and closer to asking price. Buyers now have increased leverage, especially in higher price ranges and the condo market, which continues to lag behind single-family homes amid rising ownership costs.
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