Auctions growing in popularity as real estate market booms

Ms. Rose said it’s now common to draw a dozen or more offers on a traditionally sold property, but she still listed one of her recent Perrysburg homes for auction so more people would have a chance to bid.

“What has changed for me is that we have considerably shortened the time that it takes to get the market to react,” she said.

“It’s the cleanest contract in real estate — it doesn’t get better than that,” Ms. Rose said.

“With live auctions, people know that, when you walk away, it was fair,” Mr. Amlin said.

Data: Zillow; Chart: Danielle Alberti/AxiosAmericans who feel priced out of the surging housing market have until now been able to take solace in one thing: if they can’t buy, at least they can rent.

This one is bittersweet as it was my old apartment before I moved to SoHo in January,” the Million Dollar Listing New York agent captioned a June 16 Instagram post.

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