As the coronavirus real estate boom rages on, new data shows just how aggressively Americans are bidding for homes. In a handful of states, more than half of homes sold in March traded for more than their listing price.
In California and Colorado, fully 60 percent of homes sold last month fetched more than their asking price, according to research by the National Association of Realtors. In Oregon and Washington, 56 percent of properties topped their list price. And in Massachusetts and Utah, 54 percent of home sales topped the asking amount.
“This is amazing, incredible,” says NAR Chief Economist Lawrence Yun. “Demand is so strong that buyers are saying, ‘List price is just a beginning.’”
Louisiana had the lowest share of homes selling for more than list price, but even there 19 percent of homes topped that mark.
The stats reflect a combination of intense demand and short…