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Bidding War Update

Boston condo bidding wars

Boston condo bidding wars

The BBJ quantifies how many properties are now selling above list prices:

A Boston Business Journal analysis of MLS Property Information Network data found that properties selling for over their asking price have more than doubled in the past year. A total of 512 buyers paid more than the list price in the Boston metro area from Dec. 1 through March 6, up from 218 in the same period a year ago. Mortgage rates under 4 percent and a limited inventory of homes are driving buyers to compete against each other in bidding wars.