Shift to Buyer's Market Reflected in Fewer Bidding Wars
According to a recent study, fewer homebuyers in January of this year faced competitors when making offers on homes when compared to a year earlier. Across the US, only 13% of potential home buyers faced bidding wars when making an offer on a home in January, compared to 53% of potential buyers who faced competition a year earlier. In the Atlanta area, 12% of potential buyers faced competing offers, compared to 41% in January 2018. Analysts believe that the market is shifting from a seller's market to a buyer's market, giving home buyers more options and more time to shop around.
Peachtree Mortgage Services, Inc. offers home mortgage loans throughout the Atlanta area and the state of Georgia. Contact us at firstname.lastname@example.org or 770.481.0052.