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Homebuyer Competition Ticked Up in
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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 adjusted
Four Times More
basis in February_the highest level in Redfin's records; which date back to April 2020. Thats up slightly
Likely to Win a
from a revised rate of 68% in January
60.2% a year earlier: On an unadjusted basis, February's
Bidding War
bidding-war rate was 71.4%_
and