According to the latest data from NAR, each home that sold in February had an average of five offers. A whooping 48% of the offers were for over the list price, and the average of those offers was 2.9% over the asking price. An astounding 13% were more than 10% over the asking price! According to real estate pros, buyers will likely lose two offers before landing their third. Be sure your financing is in top shape before house hunting.