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Home / Inside Tract / Redfin Reports 59% of Home Offers Written by Redfin Agents Faced Bidding Wars in August–the Lowest Level Since 2020  (access required)

Redfin Reports 59% of Home Offers Written by Redfin Agents Faced Bidding Wars in August–the Lowest Level Since 2020  (access required)

In August, 58.8% of home offers written by Redfin agents faced competition—a record low for 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from a revised rate of 62.1% in July and a peak of 74.3% in April. It's also slightly lower than the August 2020 bidding-war rate of 59.4%.  While sellers ...

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