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Housing Market

Bidding Wars

Homebuyer Competition Eases in June as More Homes Hit the Market

The bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. That’s partly because new listings have returned to pre-pandemic levels, giving buyers more options. In June, 65% of home offers written by Redfin agents faced competition, down from a revised rate of 72.1% […]
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