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Bidding wars drop to lowest level since pandemic – Robert Khodadadian

Prospective homebuyers gearing up to beat out the competition can start to breathe easier. The level of competition on home offers written by Redfin agents dropped below 50 percent for the first time in more than two years, according to a report. The bidding war rate stood at 49.9 percent in June, the lowest Redfin has recorded since a 46.3 percent rate in May 2020. The share of offers to receive at least one rival

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, bidding wars, Housing Market, redfin The Real Deal New York Read More

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