The competition to snag a home continues to ease, with August seeing the fewest competing offers so far this year.
About 58.8% of the home offers by Redfin agents faced competition, a new low for 2021, according to the technology-powered real estate brokerage.
This is a decrease from the revised bidding-war rate of 62.1% a month prior and it's well below the "peak of 74.3% in April," according to Redfin.
The August rate is also lower than the bidding-war rate of 59.4% reported a year ago.
Homebuyer bidding wars hit a new low in August
- by: Daniella Genovese
- 09-14-2021
- Source:
Fox Business
- 09/15/2021
It's real by Jessica Merz is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
It's real by Jessica Merz is licensed under flickr Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
