Are Multiple Offers Still Happening?
Multiple offers in the real estate market are still happening but now usually on the most desirable properties. If the property is priced correctly and the condition is favorable, you will still see multiple offers. Counter-offers will always be in play.
If things come up in the inspectionary period, the sellers will allow for concessions to keep the deal moving in the right direction. With rising inventory levels, we will most likely start seeing DOM (days on market) increase. Buyers have more options to choose from which will naturally take longer to sell.
If you're thinking about buying or selling a home in California send me an email or call (559) 905-0910.