If you’re looking to buy a house in the the Bay Area, prepare for a fight. Of the 20 most competitive housing markets in the country this year, half were in the Bay Area, according to an analysis of home sales and competitive bids by Redfin. Redfin analyzed the number of waived contingencies, how quickly homes go under contract and how much above list price they sell for to determine the most competitive housing markets
source https://therealdeal.com/2019/12/27/welcome-to-the-most-competitive-housing-markets-in-the-us/
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