“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.

“Sellers are responding to market demand listing their house, but inventory keeps dropping as buyer demand is at an all-time high,” — CCIAOR Ceo Ryan Castle

Transactions were down in September from the previous month, but not by much, and that’s good news.

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Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.

“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com

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“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes. 

Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.

Amenities at The Cove include a pet grooming station, fitness room, media lounge, socially distant work-from-home areas and a resort-style pool.

The listing has made headlines because of the 9-cell, fully functional jail attached to the rear of the structure.

The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.

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This 5-bedroom, 3-bath home is marketed by Coldwell Banker Realty as a “retreat from the chaos of city living” and a “chance to own a piece of American history.”

This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.

The former New England Patriot quarterback took his Brookline home off the market in May after dropping the price to $33.9 million.