I have two friends I spoke with yesterday. One is a real estate agent with more than 30 years experience, the other is in investing – business and personal.
They told me about a couple of really low-priced homes that got more than 20 offers each. One listed for $219k, and his client was the first to get a bid in on it. Twenty-four bids later it sold for $290k. Another low-priced home got 35+ bids on it.
Seems the only market really moving are those priced well below market. Those that are get many offers, and are going for much higher than the super-low asking price.
