Real Estate Bidding Wars Hit Lowest Point In A Decade

Thanks to an inventory shortage, the market has been tough for buyers in recent years. Many buyers would find themselves in bidding wars for in-demand properties, driving up the prices—and often driving them right out of their price range.

But it looks like that’s changing—and it spells good news for potential buyers.

According to recent data from Redfin, in October, just 10 percent of offers written by the brokerage faced competition from other buyers. That’s down from 39 percent at this time last year—and the lowest point in a decade.

The Takeaway:

So, what does that mean for you? It seems that the competition for property isn’t quite as fierce today as it’s been in recent months and years—so if you’re thinking about buying a home, now is a great time to make a move.

The Ultimate Home Buyer's Guide
What you can expect, from start to finish!

By DCD Property Group
Your Personal Real Estate Consultant For Life

Want to find the home of your dreams?

The Ultimate Home Buyer's Guide
What you can expect, from start to finish!

By DCD Property Group
Your Personal Real Estate Consultant For Life

And also get it at the best price possible? Then download your free copy of this guide: The Ultimate Home Buyer's Guide

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