54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
The…
While sellers have started to jump back into the market as states across the country reopen, there remains a shortage in houses for sale, which is fueling bidding wars.
The post Bidding Wars Climb in May…
Offers submitted for homebuyers by Redfin agents faced competition 66% of the time in January
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Just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in December, down from 12% a year earlier.
The post Bidding War Rate Fell to Another 10-Year Low in…
Nationally, just 10% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in November.
The post Bidding Wars Remain at 10-Year Low in November appeared first on Redfin Blog. …