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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
Aclwait
day ag0 via
redfin com
real estate
Redfin agents said that nearly two-thirds of their home offers involved
bidding war:
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In February 2022,the percentage of home offers on Redfin properties that faced bidding wars was
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68.6 precent; compared to 60.2 percent during 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 keep
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increasing as
expected. Monthly mortgage payments for new buyers are already at a record high: As
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they continue to creep up, some buyers will move to the sidelines,
said Daryl Fairweather; Redfin's
29.7k reads
tilpa
chief economist.
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87.5 percent of home offers in El Paso (TX) saw bidding wars
the highest percentage in the US
New
Grant Brunner
Buyers in Denver (83 percent) , Minneapolis (81.1 percent) , Raleigh (80 percent) and the
Area
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(79.9 percent) followed:
Children That Im Shunning Our
Greensboro (25.9 percent)
Bakersfield (39.4 percent), Cleveland (46.4 percent), Jacksonville (46.7
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