Nationwide, 5,897 homes sold for at least $100,000 over asking price at the beginning of this year, up from 2,241 during the same period last year, according to a new report from real estate brokerage Redfin.

This is according to a Redfin analysis of sale prices versus list prices in the 50 most populous US metros from Jan. 1 through Feb. 15 compared with the same period last year.

Scarcity Driving Frenzy

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