In November, 59.5% of home offers written by Redfin agents faced competition, the lowest level in 11 months, according to a new report from Redfin. That’s down from a revised rate of 61.8% in October and a pandemic peak of 74.6% in April, but up slightly from 57.3% in November 2020.
The housing market remains hotter than normal due to record-low mortgage rates and an acute shortage of homes for sale. But homebuyer demand