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Homebuyer Competition Ticked Up
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in February; Hitting Record High
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Published on March 18,2022 by Lily Katz
in
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Bidding wars are intensifying ata slower pace than
they were at the start of the pandemic:
AII-Cash
Homebuyers Are
Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally
Four Times More
adjusted basis in February-the highest level in Redfin's records; which date back to April 2020.
Likely to Win a
That's up slightly from a revised rate of 68% in January and 60.2% a year earlier: On an
Bidding War
unadjusted basis, Februarys bidding-war rate was 71.4%
Homebuyer Competition Remains Fiercein February
Nearly 6,000 U.S.
Monthly share of Redfin home offers that faced competition (seasonally adjusted)
Homes Have Sold
For t10o Ooot
Buy
From