To draw a parallel, this is true in the housing market in my city: If you&#x27;re competing with people for a $300k house, you will have 20-30 competing offers all in the first day the house is on the market. If you are in the $425k and up market, which has tighter requirements for getting a loan, then you will only have a few competing offers and the house may be on the market for a week before an offer is accepted.