3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars.
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars.
Demand for second homes fell just slightly last month, but remained well above pre-pandemic levels as affluent buyers continued to take advantage of remote work
A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose 14.6%
Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to
Homebuyer interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate, as remote

Ten charts that illustrate a record year for the U.S. housing market, including the highest home prices and lowest supply of all time. 2021’s housing
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars.
Demand for second homes fell just slightly last month, but remained well above pre-pandemic levels as affluent buyers continued to take advantage of remote work
A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose 14.6%
Roughly one in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to
Homebuyer interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate, as remote

Ten charts that illustrate a record year for the U.S. housing market, including the highest home prices and lowest supply of all time. 2021’s housing