Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February, according to a new report from Redfin. February’s bidding-war rate was the highest level in Redfin’s records, which date back to April 2020. It is 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%.
“It’s the most competitive time in
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