Homes Sell in Two Weeks With Low Supply for Spring Buyers

Posted by Bonnie Martin Designated Broker on Tuesday, February 5th, 2013 at 8:05am.

 The U.S. housing market, entering its busiest season, is tipped so far in favor of sellers that almost a third of listings in areas from Washington, D.C., toDenver and Seattle are under contract in two weeks or less. One home in Washington attracted 168 offers in December and sold for almost twice the asking price.  About 70 people lined up last month for a lottery to select buyers for four available houses in a San Ramon, California, subdivision where, in August, bidders camped for weeks to secure purchases.

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