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Homebuyer Competition
Ticked Up in February;
Hitting Record High
Published on March 18,2022 by Lily Katz
in
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.
That's up slightly from a revised rate of 68% in
January and 60.2% a year earlier: On an
unadjusted basis, February's bidding-war rate
was 71.4%
Homcbuyer Competition Remains Fiercc in February
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