Bidding wars return to another 10-year

Real Estate

Despite low housing supply continuing to affect the housing market as 2019 came to an end, Redfin indicates the frequency of bidding wars for real estate continued to fall.

According to the company, only 9% of purchasing offers made on its site faced a bidding war during the month. Not only is this percentage down 12% from last year’s rate, but it also pushed the rate down to another 10-year-low.

More here.