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Cities With The Most Bidding Wars
al Estate
On Home Offers In February 2022,
ything you need to know about
Ranked
narket; development and future of
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estate
Redfin agents said that nearly two-thirds of their home offers involved a bidding war:
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Real Estate
The Lede
In February 2022,the percentage of home offers on Redfin properties that faced bidding wars
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was 68.6 precent; compared to 60.2 percent
the same time last year: In April 2020, only
32.7 percent of offers had bidding wars: "Competition will likely plateau or even decline if rates
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keep increasing as expected. Monthly mortgage payments for new buyers are already at a
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record high. As they continue to creep Up; some buyers will move to the sidelines
said Daryl
Fairweather; Redfin's chief economist:
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