REDFIN
News
Search 
Homebuyer Competition
Ticked Up in February,
Hitting Record High
Published on March 18,2022 by Lily Katz
0
i
Bidding wars are intensifying at
a slower pace than they were at
the start of the pandemic
Nationwide; 68.6% of home offers written by
Redfin agents faced bidding wars on a seasonally
adjusted basis in February
~the highest level in
Redfin's records; which date back to April 2020.
Thatsup slightly from a revised rate of 68% in
January and 60.2% a year earlier: On an
unadjusted basis; Februarys bidding-war rate
was 71.4%
Homcbuyer Competition Remains Ficrcein Fobruary
ManniS
Renhontornnt
Toceuconoetion I54asonaey Udjusted