Monday, February 6, 2023 | The Latest Buzz for the Appraisal Industry

Competition in Housing Market Hits 15-Month Low in May, Redfin Reports

Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, according to a new report from Redfin. That’s down from a revised rate of 60.9% one month earlier and a pandemic peak of 68.8% one year earlier; it marks the fourth-consecutive monthly decline.

The typical home in a bidding-war received 5.3 offers in May, down from 6.8 in April and

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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