Redfin Bidding War Report Shows Home-Buying Competition Eased in May
Seven of every 10 offers written by Redfin agents in May faced competition.
Rachel is the editor-in-chief of Redfin News. Now based in Rochester, NY, Rachel joined Redfin in 2010 as a real estate agent in Washington, D.C. and joined the company’s communications team in 2011.
Seven of every 10 offers written by Redfin agents in May faced competition.

Today Redfin announced the expansion of its home-buying and selling service to California’s Inland Empire.

Ask a friend who’s trying to buy a home what the the real estate market is like, and she will surely describe it as “fast” or a synonym thereof. And your friend is right! To address this new reality, Redfin has developed a new monthly report focused solely on the speed of home sales.

In case you haven’t noticed, we’re on a bit of an expansion spree, with the addition of Charlotte and the Triangle in North Carolina, Delaware,

Welcome to Redfin’s latest in real estate analysis—the Bidding War Report. The data for this report are based on Redfin’s Offer Insights, statistics compiled from
Inventory continued to plummet, with the number of homes for sale down 31.8 percent year over year, helping home prices rise 13.2 percent in February. Despite surging homebuyer demand in the new year, the lack of supply has clearly put downward pressure on sales…
Seven of every 10 offers written by Redfin agents in May faced competition.

Today Redfin announced the expansion of its home-buying and selling service to California’s Inland Empire.

Ask a friend who’s trying to buy a home what the the real estate market is like, and she will surely describe it as “fast” or a synonym thereof. And your friend is right! To address this new reality, Redfin has developed a new monthly report focused solely on the speed of home sales.

In case you haven’t noticed, we’re on a bit of an expansion spree, with the addition of Charlotte and the Triangle in North Carolina, Delaware,

Welcome to Redfin’s latest in real estate analysis—the Bidding War Report. The data for this report are based on Redfin’s Offer Insights, statistics compiled from
Inventory continued to plummet, with the number of homes for sale down 31.8 percent year over year, helping home prices rise 13.2 percent in February. Despite surging homebuyer demand in the new year, the lack of supply has clearly put downward pressure on sales…