Right out of the gate in 2023, the slumped U.S. housing market experienced an uptick in activity. Open houses got more foot traffic. Buyers started making serious offers. And, if priced right, homes in some markets received multiple offers.
“I got five new [buyer] leads in one week, which was unheard of in [late] 2022…[and] I have experienced a few transactions that astonished me,” Kristen Riffle, a real estate agent in Las Vegas, tells Fortune. “I wrote an offer on a home that was on the market for one day, in a subpar location...The agent got back to me and said she had multiple offers and the highest was $20,000 over list.”
