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Onlleme Oliferre Ilm Felbruary 2022,
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te market, develcprent ard future of
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Subrnitted by
Adwait
day ago via
redfincum
Fca eblate:
Redtin agenta said ihat ncarlytwo-Inirda of their nome offerz involved a bidding war.
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In February 2022, the percentace Of herrie offera on Redtin properties thiai faced bidding wars was
TRENDING ONDIGG
38.3precent: compared i0 60.2 perceni curing tne sarie time last year. In April 2028,enly 32,
perceni of offerg had bidding wars. "Ccrpatition will likely piateau Or even declirie il rate: Keep
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icrgasing aa expected. Horithly rrortyage payments for niew Cuyers are already atarecerd high:
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continue i0 de8p uP, Eome buvera will move io the aidalires,
Gaid Daryl Fairwieathe , Redfin%
297k reads
tilpa
chiei ecanemist .
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87.5 perceni cf nome olfers in El Pasc {TX} saw bidding wars
the highest perceritage in the US.
New
Grant Brunner
Buyera in Ceriver (83 percent} Minneapclis (811 Ferceni}, Raleich (80 pereent} arid the
Arca
{79# percent} fcllawed.
Hessha:Wa
Ecplam @ohS
Greensboro {25.9 percert}  Bakerstield {394 pereent;, Cleveland (464 percent; Jackzoriville {43,
'llall 4 Trh <"
8h  Wmn_lus | 25 W:
mnendsks QUS
68ma
perceni) and Allentown {52.2 percent; were amengthe
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corpetitive markets.
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Homes
priced Eetween $1-LSM had the hichest chanze: cf competiticn; where those under
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