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Cities With The Most Bidding Wars
Real Estate
On Home Offers In February 2022,
Everything you need to know about
Ranked
the market, development and future of
Submitted by
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ag0 via
redfin com
real estate
Redfin agents said that nearly two-thirds of their home offers involved a bidding war:
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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 during the same time last vear: 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
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Fairweather, Redfin'$ chief economist:
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