Housing market in the Coastal Bend competitive
The prices of homes are increasing at a fast pace including here in the Coastal Bend. Real estate experts say some homes are off the market within a few days.
CORPUS CHRISTI, Texas — The prices of homes are increasing at a fast pace including here in the Coastal Bend. Jessica Hall and Laura Macdonald with Bayside Realty Group say when it comes to buying or renting a new home, the market is extremely competitive.
“It’s as competitive as it’s been in 20 to 25 years,” said Hall.
“Buyers are ending up in multiple offer situations. They’re having to write several contracts. For example, today I submitted a contract almost 25 thousand dollars over the list price. We were beat out by a higher bidder with a cash offer.”