Sunday, 26 June 2022 | 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

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