Peoria housing market sparks bidding wars for homes in seller's market
PEORIA — Bidding wars have become common in the central Illinois housing scene as buyers vie for a shrinking inventory of available houses. “I know of two agents that got into bidding wars for their clients, where they offered $35,000 more than the asking price and still did not get the house," Peoria real estate agent Linda Kepple said. There were 963 homes for sale in the Peoria area during the first quarter of 2021, 58% fewer than during the same period last year, according to the Peoria Area Association of Realtors. Real estate agent Mark Monge attributed the lower number of ho...
Source: pjstar.com