REDFIN
News
Homebuyer Competition
Ticked Up in February;
Hitting Record High
Published on March 18,2022by Llly Katz
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Bidding wars are intensifying at
a slower pace than they were at
the start of the pandemic
Nacionwide; 68.68 of home offers written by
Redfin agents faced bidding wars ona seasonally
adjusted basis in February-
-the highest level in
Redfin s records which dlate back to April 2020.
That's up slightly froma revised rate of 63% in
January
60.29a year earlier: On an
unadjustec basis, Februarys bidding-warrate
was71.480
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