Bidding War Rate Fell to Another 10-Year Low in December
Just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in December, down from 12% a year earlier.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.
Email TimJust 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in December, down from 12% a year earlier.
U.S. home-sale prices increased 5.2% year over year in November to a median of $311,600 across the 217 metros Redfin tracks.
In a handful of cities and neighborhoods iBuyers have purchased more than one out of every 10 homes sold so far this year.
Real estate companies directly purchased as many as one in twenty of the homes sold in some markets in the third quarter of 2019
Nationally, just 10% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in November.
U.S. home-sale prices increased 5.4%year over year in October to a median of $313,200 across the 217 metros Redfin tracks.
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