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Cities With The Most Bidding Wars
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Real Estate
On Home Offers In February 2022,
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Everything you need to know about
Ranked
gtronaour
the market, development and future of
Suomitted by
Aclwait
day ag0 via
redfin com
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real estate
Redfin agents said that nearly
thirds of their home offers involved
bidding war:
446
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LIGHTING
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The Lede
In February 2022, the percentage of home offers on Redfin properties that faced bidding wars
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was 68.6 precent; compared to 60.2 percent during the same time
ast year: In April 2020, only
32.7 percent of offers had bidding wars
Competition will likely plateau or even decline if rates
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keep increasing as expected: Monthly mortgage payments for new buyers are already at a
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record
high: As
continue to creep Up; some buyers will move to the sidelines
said Daryl
29.7k reads
tilpa
Fairweather; Redfin's chief economist:
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