In March, 75% of agents with broker Redfin said their clients’ offers were countered by rival bids, up from 56% who said so in late 2011, CNNMoney reported.

The competition has been most intense in California, where nine out of 10 homes sold in San Francisco, Sacramento and cities in Southern California drew competing bids during the month.

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3d rendering of a row of luxury townhouses along a street

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