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Redfin: Bidding wars fall to 8-year low in August

Sep 04, 2019By

Reaching a historic new low, only 10.4% of offers written by Redfin agents in August faced a bidding war. Last month, that number was 11.4%. Last year, that number was at 42%. This is the lowest bidding war rate on record since 2011, according to Redfin.

3d rendering of a row of luxury townhouses along a street

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