Akron’s housing market is heating up. According to a new report, the Rubber City had the biggest spike in the percentage of homes selling above asking price in the nation. This means more home buyers are likely squaring off in bidding wars.
Say you found your Akron dream home and you’re ready to buy. You put in a bid, maybe a touch above asking price to make sure you snag it. Time to celebrate, right? Not so fast.
“Just because you go a couple thousand above list price doesn’t mean you’re going to make it,” said Karyn Pumphrey, with Howard Hanna Real Estate Services in Akron and Fairlawn.
“We’ve actually had properties recently go as high as $25,000 above list because we do actually get into these bidding wars.”
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