Side-by-side competition driven by the rising inventory of unsold homes across Massachusetts is creating a new kind of bidding war: escalating financial incentives to help sell homes as soon as possible.
Some time ago, the local MLS added a new field to document seller concessions at closing. However, entries are rare and as noted by one prominent critic,
"current house price indices are failing to pick up the full decline in prices
because they miss the various concessions (seller paid closing costs, buyer-side
realtor bonuses, and seller subsidized mortgages) that sellers often use
to move their houses."