With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here's a look at how that breaks down state-by-state (see map below):

Mortgage rates are hovering near record lows, and that's good news for today's Boston homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.